OK, so I guess it’s H.264. Now, If I get some kind of hardware encoder, such as the Matrox accelerator card or the Elgato USB encoder, will that significantly speed-up the process? As I mentioned in the original post, It took me about 25 minutes to encode a 40 min. piece to H.264 using MPEG Streamclip.
on my Dual-core MacPro.