I quote the both of them :)
I haven't seen any difference in quality when decoding DivX files with XviD codec and vice versa.
As adicoto does, I use DivX 5.2.1 to decode DivX 4 and newer, XviD to decode XviD encoded files and DivX 3.11 to decode older files.
My PC specs are really low for nowadays standards, but I can decode all movie files without problems with BSplayer and those codecs.
I used to use ffdshow, but since they put those systray icons I noticed a little loss of performance and stopped using them.. (probably I was wrong, but now I feel good with only DivX and XviD codecs :P )
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