> I doing a project in which I intent to to encode and decode bitstream
> using opendivx MPEG4 codec for linux for videoconferencing in real time.
> 
> Does opendivx codec suitable for such real time application ? Anyone
> familiar with it or know any freely available MPEG4 codec ?

MPEG4 appears to have patent issues, so for the US at least it seems likely
there is no open mpeg4 possible. Its also very CPU heavy which may make
it a poor real time codec. For real time you generally want a very 
efficient codec that handles rapid scene changes well (at low data rates
B and P frames are basically no hopers) and avoids cpu intensive DCT and
the like.

Take a look at codecs like CU30



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