Skyrim Test Video (FRAPS, FormatFactory) 

Set to record at 30 FPS, with character "K'Reezah" as the test subject.
Raw AVI was 4.19 GB, MP4 is 245 MB
This is being run off my new PC that I built myself.
Processor: i7-4770k Haswell
GPU: GIGABYTE R9 280X
RAM: 8 GB Crucial 1600 MHz
CORSAIR H80i Hydro Series
Kingston 120GB SSD
Extensive list of mods running in the background