CCE doesn't account for other streams and will always keep the bitrate below 9.8Mbit/s. When you factor in audio it's easy to overshoot when you set the bitrate manually.
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Specs: Intel Core 2 Quad Q6600(4*2.4GHz), Win XP Pro SP2, 2 Gb DDR2, 1*120Gb HDD, 1*500Gb HDD
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