Carlos, what you want to do is exactly what our new development Hoster is designed for.
You could now use our Microstudio which can load CDG songs to the hard drive, and play them on a Windows PC, but the signal can't go to a TV. This restriction (whch was not expected) is being removed in Hoster.
Also, Hoster will use WMA audio compression to make your files much smaller, yet still play the audio and video in sync.
Watch our
Development News page for details and progress. I should update it within 2 days. We had a major design meeting last week that solidified many decisions.
Target is for this to be in beta testing by December 31, 2001 and release by the end of January, 2002.