Btw, I was able on-the-fly transcode to 4 mbit MP4S with old vlc 0.8.4, but with the newer one - no more on the same hardware. Tested with 1.1.4 right now. With 0.8.4 CPU usage by vlc is 50-60%, 1.1.4 - 100+%, "late buffer for mux input" messages and dropped frames. Here is how vlc is star...