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Pros: This is way better than MATROX's COMPRESS HD - simply stated, the best value for H.264 acceleration. Works perfectly with QuickTime Pro and the small compression app is easy to use and modify presets.
Cons: I would love to see better Apple Compressor implementation. Right now, you cannot also do multipass encodes - its all single pass - which mostly accounts for the speed.
Other Thoughts: Get it for Apple FCP suite and you won't be sorry. I even use the youtube function with good results.