I use Videora iPod Converter. It has iTouch presets, plus more "advanced" settings, which are still noobified (I'm used to Sony Vegas video encoding details). As long as you can get by the interface (which takes a couple boots to get used to), it's a great tool. Remember to use the MPEG4 presets...
Yeah, I'm guessing that's a typo as well. A lot of Newegg reviews are saying it has defaulted at 5-5-5-15 although a good group of them said they applied the 4-4-3-5 timings just fine.
I'm looking at overhauling my system soon, but I haven't had a need to keep up with technology so I'm kind of in the dark about this stuff. I'm looking at these two sticks of ram: http://www.newegg.com/Product/Product.aspx?Item=N82E16820231114 which I'm told the timings on it look fantastic. But...