Now if only there is an equivalent tool like ffmpegX for linux or *BSD's! Command line would even be preferred. That would mean easy to use video editing via iMovie and encoding to VCD/DVD via an idle unix powered generic PC!!!
The workflow would be like this Capture/Edit via iMovie (or whatever video editing tool you prefer). Then encoding on a unix PC which should produce a disc image ready for burning on any popular CD/DVD burning software. Ah, even an "encoding farm" would not be a remote possibility. With an "encoding farm", I can even rent it out to Video editors eh?
Yeah... Am a technopreneur wanabeee!