It doesn't compress for use in a DVD-Video, though. It's rather meant for creating MPEG-4 and H.264 movies.
If you have Toast Titanium, that one can take Video_TS folders and compress them for one DVD-R. (It's a very good program, anyway, but not so cheap...) Or: Buy FastDVDCopy. It does everything with one button (i.e. ripping, compressing, burning). Very nice one.