Sometimes i think this forum is just a massive source of misinformation...
Ableton Live doesn't actually deal with video... All it does is tell quicktime what timing information and quicktime deals with the video. When you export the video, all it does is render the audio and then hands that and sync information to quicktime to render the video...
Now, very few film people have any issues with quicktime for encoding video (Adobe After Effects, for example, also uses quicktime for exports in one of its export modules... final cut pro uses quicktime for exports if you don't use compressor, etc, etc...). The only problem is that with film there are literally hundreds of codecs for encoding video so you have to get your head around the export settings to get it to work properly - H.264 and photo-jpeg are good for compressed, animation or uncompressed 8/10 bit are good for uncompressed.
So, there's nothing wrong with Live's handling of video, cause in reality it doesn't really deal with video...
There is a downside to this however - Quicktime's performance on PC is notoriously bad - when i still had a pc i had to disable hardware acceleration in my display settings in order to prevent quicktime crashing live - it wasn't compatible with my graphics card....
Those who are having issues with "bad quality" are probably exporting their video are the wrong size. If you go into your quicktime settings on export there's a size button - if it can't detect the size of your video from the files it will use the size of your video window (which is generally very low res). Set the size manually to the size of your source footage and you should be good...
(for the record - i just tested this manually with some full hd footage - i exported it using the uncompressed animation and then did the video equivalent of a phase invert test - took it into after effects, set the top layer to add and inverted it - this confirmed that they were exactly the same. The only issue i had was i didn't export the pixel aspect ratio from Live so i had to scale the Live video to 133.33333X100... )