VisualHub is dead, Handbrake is the answer?

Sad comment, Visualhub based on ffmpeg worked great. I gladly paid for it. Now, I guess its off to find another product.The Unofficial Apple Weblog (TUAW)

VisualHub is gone. There are no current plans to move VisualHub to open source. The underlying engine for much of the compression magic, ffmpeg, is already open-source and present in other Mac tools such as Handbrake.

All things iPod, iPhone, iTunes and beyond | iLounge

The developers of Handbrake, a popular open-source DVD to MPEG-4 converter, are offering a pre-release build of the latest version, 0.9.3, on the app’s website. The new version, which is offered as a “snapshot” build and will therefore likely still contain bugs and present other issues, adds the ability to convert many different formats of video — not just DVDs like prior versions — to MP4, MKV, AVI or OGM files. Handbrake 0.9.3 (pre-release) is available as a free download for Macs running OS X 10.5 or later, PCs running Windows 2000, XP, or Vista, and Linux.