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MPEG2 Works (www.mpeg2works.com) -- a Mac OS X tool for video formats re-conversion, encoding and manipulation -- has been revved to version 5.0.1. The upgradoffers faster conversion and encoding, improved audio handling and some minor interface changes.
MPEG2 Works 5 is available at the product web site. It costs US$25 and requires Mac OS X 10.5 or higher.