Just remembered how easy it used to be to extract .ts files from my old Thomson DHD4000 and then simply rename to .mpeg and it becomes playable via VLC on a PC with no transcoding needed.
Tried the same today using the FTP option to download a couple of films from Film4 as .ts files that hadn't been transcoded and guess what? They play fine with VLC on a PC when renamed to .mpeg
I also used to take advantage of the "no transcoding needed" to turn such SD broadcasts quickly into DVDs for personal use (e.g. I had all of the "Something Special" episodes recorded for my SEN son).
Just something to bear in mind if you want to easily extract non-HD broadcasts for archival. Probably not news to anyone really, but just in case it is...