i just downloaded and tested the latest version and all i can say i WOW!!! the gui is just a front end for ffmpeg, but whatever version of ffmpeg it's using kicks ass!!! it kicks ass in the two most important ways:
1) the quality of the encode is phenomenal. at any particular bitrate i have never seen a codec that even comes close, not even x264 (i know it's technically not a codec, but it is the co portion of that acronym) at the highest settings can touch this, not mpeg-2 at 30Mb/s can beat this codec at about 6 Mb/s, not apple's H.264, nothing!!! (i checked, it seems to be some H.264 codec i've never seen before).
2) this is the most shocking of all, it's lightning fast using a dual core E6400 i am doing the following 2 encodes simultaneously (i'm running 2 instances of winff, it's not multithreaded) and each is being performed in faster than real time:
first file, target:
1920x1080, 16:9, 6500 Kb/s, using "MPEG-4" video codec, 320 Kb/s 48000 Hz, for audio
second file, target:
1280x720, 16:9, 5000 Kb/s, using "MPEG-4" video codec, 320 Kb/s 48000 Hz, for audio
it's almost unbelievable when you consider that Procoder 2 takes about 7 hours just to do the first encode with the same settings, and no other encoder i have ever seen (if you can name it, i've tried it) can come close (Mencoder264 does the first encode at a rate of 3 fps).
just absolutely incredible, i'm uninstalling all the other encoding tools i have on my computer and from now on this is what i plan on using!!!
Review by deadrats
Dec 14, 2006 Version: 0.22
OS: Win2K Ease of use: 10/10
Value for money: 10/10