Continuing on from what I wrote last year, I’ve “improved” upon the old version and came up with this:

Its moved away from MEncoder, and now users FFmpeg to do the encoding (Which results in a better image quality).
It currently only converts the images at the highest quality possible, and doesn’t scale them down. It’s also quite slow when you have lots of photos…

If you want to have a look at it, you can download it from here (Use at your own risk!).

If you have any ideas or suggestions about this, let me know 😛