I'm dragging this on a bit, and I'm sorry, but no one has yet shown why 4.7 GB is equivalent to 120 minutes. Dividing this run time into the capacity gives an average overall bitrate of approximately 5.2 Mbps. Somebody please show me where this is defined as a standard. I'm starting to get the impression someone plucked 5 Mbps from the air, rounded it to 120 minutes and stuck it on their label... and other manufacturers followed. In which case it is pointless, unlike the case of CDDA on a CD-R.
'Uncompressed MPEG' are two terms which are mutually exclusive since MPEG, by definition, describes a number of methods for the compression of A/V data. The source data rate for 720 x 576 PAL video in the 4:2:0 YUV colour space at 25 fps equates to approximately 124 Mbps. A DVD-R would just about hold five minutes of this.