Squared 5 has released one of the few free solutions for encoding H.264 QuickTime MOV files that includes a graphical user interface. Since it uses the QuickTime 7 Player’s rendering engine, you must have the free player installed. A side benefit to this is that it will allow you export to the same codecs as the $30 QuickTime Pro, as well as AVI, DV and MPEG4.
With MPEG Streamclip you get what you pay for… The interface leaves much to be desired and a degree in video engineering is required to navigate the advanced output options presented.
If you are on a really tight budget and don’t mind learning some new tricks, MPEG Streamclip will work in a pinch for transcoding to and from a variety of formats.
One feature that makes MPEG Streamclip stand out is the ability to input a variety of formats that even professional-level encoding software will not support. You can input the following file types: MPEG, VOB, PS, M2P, MOD, VRO, DAT, MOV, DV, AVI, MP4, TS, M2T, MMV, REC, VID, AVR, M2V, M1V, MPV, AIFF, M1A, MP2, MPA, AC3 and more!
Hopefully they will continue to develop and improve this software to make it more user friendly for non-expert web video enthusiasts.
What’s Cool: It’s free, outputs h.264 QuickTime MOVs, offers many advanced encoding options not available in other low cost compression software, supports many input formats
Drawbacks: Cryptic interface, no user manual, confusing encoding options, no default encoding presets
Rating: 
Learn More & Download: http://www.squared5.com/
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