MEP 2014 Premium (with latest patch) no longer seems able to export projects to MP4, my preferred type. That option results in an M2TS file.
On a tiny 1920 x 1080 project (just a JPG and an MOV, total duration 4 seconds) the file sizes from 2013 and 2014 respectively were:
TEMP-Test2013ExportMP4.mp4 2.4 MB
TEMP-Test2014ExportMP4.m2ts 9.3 MB (almost 4 times as long).
--
Terry, East Grinstead, UK