[video] H.264 file size for 1 hr of HD video

It is whatever size you want it to be, the only thing that changes is quality. If you intend it to be played back on a non-PC device (or a slow PC), you may need to respect a certain profile (standardized set of compression settings that ensure a fixed device can play back the content).

You can see the main H.264 profiles at Wikipedia

While it is highly subjective (and highly dependent on the content being compressed), it is claimed that H.264 can achieve the same quality as DVD MPEG2 using half the bitrate.