[Dave LaRonde] “If you DO NOT intend to do a film out — or any motion graphics that require the same frame rate as film on TV — you can cut 24p video in a 29.97 timeline.”
-HOWEVER-
If you are delivering on DVD, you can benefit immensely from a 23.98 workflow for several reasons:
First, progressive material is handled much more easily than interlaced material by MPEG-2 compressors, yielding cleaner, smoother results with fewer artifacts.
Second, you can encode your footage with 3:2 pulldown flags so that DVD players will automatically add pulldown on non-progressive outputs, but play the native 23.98 progressive frames on progressive component outputs. This gives the best of both worlds – your material will display as pure progressive on computers and progressive-capable DVD players, and will also look correct on NTSC 29.97 interlaced monitors.
Lastly, this achieves a 20% space savings on the DVD, as only 24 (23.98) frames per second are being stored instead of 30 (29.97). This extra disc space can be advantageous for either increasing the MPEG-2 encoding bitrate for higher quality, or adding more material (extra features, etc.) to the disc.