GOMlab.

GOM Encoder is a very powerfull media transcoder. It will transcode any video that the GOM player can play, which is about everything.

The transcoder is light, fast and very easy to use. It includes many presents for many devices and does a very good job of transcoding.

The application is shown as demo, but full license costing cannot be found. The demo copy works 100% and only adds a small watermark to the first 10 seconds of the transcoded media.

As a 3.3Mb download, I suggest everybody giving it a try.

http://www.gomlab.com/eng/GE_Introduction.html