I've created a DivX video from a DVD movie. I used the guide for 16:9 anamorphic videos that use RIFF-WAV. So, when i playback, the video is optimal but the sound is very scratched, like a television noise. When i use normal WAV, the sound is fine, without any problem except the final size of the video.
Try using an earlier version of CDeX. Ive heard of others with problems similar to yours and downgrading seems to have helped. Here's CDeX 1.4.0: http://prdownloads.sourceforge.net/cdexos/cdex_140_enu.exe?download