Now trying with 0.9.9a on Ubuntu Jaunty. Here's the verbose output:
user@server:~$ cvlc -vvv
http://127.0.0.1:9070 --no-sout-video --sout '#transcode{acodec=mp3,ab=96,channels=2,samplerate=44100,aenc=ffmpeg}:std{access=shout{mp3=1,bitrate=64,samplerate=44100,channels=2,name='--please stay polite--',genre='shitgaze'},mux=raw,dst=admin:lols@127.0.0.1:8001/}'
VLC media player 0.9.9a Grishenko
[00000001] main libvlc debug: VLC media player - version 0.9.9a Grishenko - (c) 1996-2009 the VideoLAN team
[00000001] main libvlc debug: libvlc was configured with ./configure '--build=i486-linux-gnu' '--enable-maintainer-mode' '--enable-release' '--prefix=/usr' '--enable-libtool' '--enable-fast-install' '--with-binary-version=2ubuntu1' '--disable-update-check' '--disable-gnome' '--disable-gtk' '--disable-familiar' '--disable-fb' '--enable-ggi' '--enable-sdl' '--enable-esd' '--enable-mad' '--enable-jack' '--enable-pulse' '--enable-lirc' '--enable-a52' '--enable-aa' '--enable-dvbpsi' '--enable-mozilla' '--with-mozilla-pkg=libxul-plugin' '--disable-kde' '--enable-mp4' '--enable-dvb' '--disable-satellite' '--enable-ogg' '--enable-vorbis' '--enable-shout' '--enable-qt4' '--disable-slp' '--enable-flac' '--disable-skins' '--disable-basic-skins' '--enable-skins2' '--enable-freetype' '--enable-mkv' '--enable-speex' '--enable-caca' '--enable-live555' '--enable-libmpeg2' '--enable-fribidi' '--enable-cdio' '--enable-mod' '--enable-theora' '--enable-modplug' '--enable-dvdnav' '--enable-gnutls' '--enable-ffmpeg' '--enable-ncurses' '--enable-smb' '--disable-gnomevfs' '--enable-bonjour' '--enable-mpc' '--enable-vcd' '--enable-vcdx' '--enable-notify' '--enable-twolame' '--enable-faad' '--disable-zvbi' '--enable-telx' '--enable-mediacontrol-bindings' '--disable-atmo' '--enable-taglib' '--enable-libass' '--enable-libdca' '--enable-realrtsp' '--disable-dv' '--enable-x264' '--enable-alsa' '--enable-v4l' '--enable-v4l2' '--enable-pvr' '--enable-svgalib' '--enable-dvd' '--without-dvdcss' 'build_alias=i486-linux-gnu' 'CFLAGS=-g -O2' 'LDFLAGS=-Wl,--as-needed' 'CPPFLAGS=' 'CXXFLAGS=-g -O2'
[00000001] main libvlc debug: translation test: code is "C"
[00000001] main libvlc debug: checking builtin modules
[00000001] main libvlc debug: checking plugin modules
[00000001] main libvlc debug: loading plugins cache file /home/user/.cache/vlc/plugins-04041e.dat
[00000001] main libvlc debug: recursively browsing `/usr/lib/vlc'
[00000001] main libvlc debug: module bank initialized, found 271 modules
[00000001] main libvlc warning: Unable to get HAL device properties
[00000001] main libvlc debug: opening config file (/home/user/.config/vlc/vlcrc)
[00000001] main libvlc debug: CPU has capabilities 486 586 MMX MMXEXT SSE SSE2 FPU
[00000001] main libvlc debug: looking for memcpy module: 3 candidates
[00000001] main libvlc debug: using memcpy module "memcpymmxext"
[00000368] main interaction debug: thread started
[00000368] main interaction debug: thread 3079302032 (Interaction control) created at priority 0 (interface/interaction.c:382)
[00000370] main input debug: Creating an input for 'Media Library'
[00000370] main input debug: Input is a meta file: disabling unneeded options
[00000370] main input debug: `file/xspf-open:///home/user/.local/share/vlc/ml.xspf' gives access `file' demux `xspf-open' path `/home/user/.local/share/vlc/ml.xspf'
[00000370] main input debug: creating access 'file' path='/home/user/.local/share/vlc/ml.xspf'
[00000371] main access debug: looking for access module: 3 candidates
[00000371] access_file access debug: opening file `/home/user/.local/share/vlc/ml.xspf'
[00000371] main access debug: using access module "access_file"
[00000371] main access debug: TIMER module_Need() : 4.761 ms - Total 4.761 ms / 1 intvls (Avg 4.761 ms)
[00000376] main stream debug: Using AStream*Stream
[00000376] main stream debug: pre-buffering...
[00000376] main stream debug: received first data for our buffer
[00000370] main input debug: creating demux: access='file' demux='xspf-open' path='/home/user/.local/share/vlc/ml.xspf'
[00000377] main demux debug: looking for demux module: 1 candidate
[00000377] playlist demux debug: using XSPF playlist reader
[00000377] main demux debug: using demux module "playlist"
[00000377] main demux debug: TIMER module_Need() : 1.881 ms - Total 1.881 ms / 1 intvls (Avg 1.881 ms)
[00000370] main input debug: `file/xspf-open:///home/user/.local/share/vlc/ml.xspf' successfully opened
[00000392] main xml debug: looking for xml module: 2 candidates
[00000392] main xml debug: using xml module "xml"
[00000392] main xml debug: TIMER module_Need() : 4.411 ms - Total 4.411 ms / 1 intvls (Avg 4.411 ms)
[00000377] playlist demux debug: parsed 0 tracks successfully
[00000392] main xml debug: removing module "xml"
[00000370] main input debug: EOF reached
[00000370] main input debug: control type=1
[00000377] main demux debug: removing module "playlist"
[00000371] main access debug: removing module "access_file"
[00000370] main input debug: TIMER input launching for 'Media Library' : 16.628 ms - Total 16.628 ms / 1 intvls (Avg 16.628 ms)
[00000394] main preparser debug: thread started
[00000394] main preparser debug: waiting for thread initialization
[00000394] main preparser debug: thread 3070856080 (preparser) created at priority 0 (playlist/thread.c:79)
[00000395] main fetcher debug: thread started
[00000395] main fetcher debug: waiting for thread initialization
[00000395] main fetcher debug: thread 3056753552 (fetcher) created at priority 0 (playlist/thread.c:108)
[00000369] main playlist debug: thread started
[00000369] main playlist debug: waiting for thread initialization
[00000369] main playlist debug: rebuilding array of current - root Playlist
[00000369] main playlist debug: rebuild done - 0 items, index -1
[00000369] main playlist debug: thread 3048360848 (playlist) created at priority 0 (playlist/thread.c:117)
[00000396] main interface debug: looking for interface module: 1 candidate
[00000396] main interface debug: using interface module "hotkeys"
[00000396] main interface debug: TIMER module_Need() : 1.311 ms - Total 1.311 ms / 1 intvls (Avg 1.311 ms)
[00000396] main interface debug: thread started
[00000396] main interface debug: thread 3039968144 (interface) created at priority 0 (interface/interface.c:168)
[00000398] main interface debug: looking for interface module: 1 candidate
[00000398] inhibit interface error: Failed to connect to the D-Bus session daemon: dbus-launch failed to autolaunch D-Bus session: Autolaunch error: X11 initialization failed.
[00000398] main interface warning: no interface module matching "inhibit,none" could be loaded
[00000398] main interface debug: TIMER module_Need() : 36.054 ms - Total 36.054 ms / 1 intvls (Avg 36.054 ms)
[00000398] main interface error: no suitable interface module
[00000001] main libvlc error: interface "inhibit,none" initialization failed
[00000400] main interface debug: looking for interface module: 1 candidate
[00000400] main interface debug: using interface module "screensaver"
[00000400] main interface debug: TIMER module_Need() : 1.381 ms - Total 1.381 ms / 1 intvls (Avg 1.381 ms)
[00000400] main interface debug: thread started
[00000400] main interface debug: thread 3031575440 (interface) created at priority 0 (interface/interface.c:168)
[00000369] main playlist debug: adding item `
http://127.0.0.1:9070' (
http://127.0.0.1:9070 )
[00000369] main playlist debug: rebuilding array of current - root Playlist
[00000369] main playlist debug: rebuild done - 1 items, index -1
[00000402] main interface debug: looking for interface module: 22 candidates
[00000400] screensaver interface warning: failed to connect to the D-BUS daemon: dbus-launch failed to autolaunch D-Bus session: Autolaunch error: X11 initialization failed.
[00000402] main interface debug: using interface module "signals"
[00000402] main interface debug: TIMER module_Need() : 3.189 ms - Total 3.189 ms / 1 intvls (Avg 3.189 ms)
[00000402] main interface debug: thread started
[00000402] main interface debug: thread 3014790032 (interface) created at priority 0 (interface/interface.c:168)
[00000404] main interface debug: looking for interface module: 22 candidates
[00000404] dummy interface: using the dummy interface module...
[00000404] main interface debug: using interface module "dummy"
[00000404] main interface debug: TIMER module_Need() : 1.932 ms - Total 1.932 ms / 1 intvls (Avg 1.932 ms)
[00000404] main interface debug: thread started
[00000404] main interface debug: thread 3006397328 (interface) created at priority 0 (interface/interface.c:168)
[00000369] main playlist debug: starting new item
[00000369] main playlist debug: processing request item null node Playlist skip 0
[00000369] main playlist debug: creating new input thread
[00000413] main input debug: Creating an input for '
http://127.0.0.1:9070'
[00000413] main input debug: thread started
[00000413] main input debug: waiting for thread initialization
[00000414] main stream output debug: stream=`transcode'
[00000415] main stream out debug: looking for sout stream module: 1 candidate
[00000414] main stream output debug: stream=`std'
[00000418] main stream out debug: looking for sout stream module: 1 candidate
[00000418] main stream out debug: set config option: sout-standard-access to shout{mp3=1,bitrate=64,samplerate=44100,channels=2,name=--please stay polite--,genre=newgaze}
[00000418] main stream out debug: set config option: sout-standard-mux to raw
[00000418] main stream out debug: set config option: sout-standard-dst to admin:omg@127.0.0.1:8001/
[00000418] stream_out_standard stream out debug: creating `shout{mp3=1,bitrate=64,samplerate=44100,channels=2,name=--please stay polite--,genre=newgaze}/raw://admin:omg@127.0.0.1:8001/'
[00000418] stream_out_standard stream out debug: extension is 1:8001/
[00000418] stream_out_standard stream out debug: extension -> mux=(null)
[00000418] stream_out_standard stream out debug: using `shout{mp3=1,bitrate=64,samplerate=44100,channels=2,name=--please stay polite--,genre=newgaze}/raw://admin:omg@127.0.0.1:8001/'
[00000420] main access out debug: looking for sout access module: 1 candidate
[00000420] main access out debug: set config option: sout-shout-mp3 to 1
[00000420] main access out debug: set config option: sout-shout-bitrate to 64
[00000420] main access out debug: set config option: sout-shout-samplerate to 44100
[00000420] main access out debug: set config option: sout-shout-channels to 2
[00000420] main access out debug: set config option: sout-shout-name to --please stay polite--
[00000420] main access out debug: set config option: sout-shout-genre to newgaze
[00000420] access_output_shout access out warning: failed to connect using 'icy' (shoutcast) protocol
[00000413] main input debug: thread 2998004624 (input) created at priority 10 (input/input.c:370)
[00000420] access_output_shout access out warning: failed to connect using 'http' (icecast 2.x) protocol
[00000420] access_output_shout access out warning: unable to establish connection, retrying...
[00000420] access_output_shout access out warning: failed to connect using 'icy' (shoutcast) protocol
[00000420] access_output_shout access out warning: failed to connect using 'http' (icecast 2.x) protocol
[00000420] access_output_shout access out warning: unable to establish connection, retrying...
[00000420] access_output_shout access out warning: failed to connect using 'icy' (shoutcast) protocol
[00000420] access_output_shout access out warning: failed to connect using 'http' (icecast 2.x) protocol
[00000420] access_output_shout access out warning: unable to establish connection, retrying...
[00000420] access_output_shout access out warning: failed to connect using 'icy' (shoutcast) protocol
[00000420] access_output_shout access out warning: failed to connect using 'http' (icecast 2.x) protocol
[00000420] access_output_shout access out warning: unable to establish connection, retrying...
[00000420] access_output_shout access out warning: failed to connect using 'icy' (shoutcast) protocol
[00000420] access_output_shout access out warning: failed to connect using 'http' (icecast 2.x) protocol
[00000420] access_output_shout access out warning: unable to establish connection, retrying...