This Mac OS X Automator action uses VLC as a transcoding engine for video file processing workflows. It was developed to batch-process recorded MPEG-2 transport streams to prepare them for H.264 delivery.
UPDATE: It requires version VLC 0.8.6a or later. Works great on Intel Macs.
Current Version: 0.8.6 (Production) 28 March 2007
Home Page: http://homepage.mac.com/geo/FileSharing40.html
George
(updated download location as UCTV has been taken down and I'm no longer there).