YMPEG: Fast MPEG-1/2/VCD/SVCD/DVD/KVCD Codec
Editor: YMPEG offers you the most simplest way to encode or convert your Favorite Videos. YMPEG is a first Freeware MPEG Codec which can integrate itself with Windows and offers seamless encoding from your favorite application (VFW). This unique feature of YMPEG makes it possible to encode your video from virtually any video applications which uses Windows Compression Manager (like VirtualDub, Adobe Premiere, AE, Vegas, DVDx, K!TV etc.)

Due to fast encoding Algorithm, It may also be use for real-time MPEG encoding using applications such as VirtualVCR, VirtualDub etc.

YMPEG Supports:

MPEG-1, MPEG-2, VCD, SVCD (ISO/IEC 13818, 11172), DVD, KVCD (non-standard), CVD Encoding
Progressive and Interlace Video
Audio Layer 1, 2
PAL/NTSC
Variable and Constant Bit Rates
and lot more.....See tutorial for more features

YMPEG Advantages:

Direct encoding from your favorite applications without any intermediate file or Frame servers. This is most simplest way to Create MPEG files.
YMPEG is only MPEG codec which integrates with OS.
Real-time Encoding
Highest Applications Compatibility
Very good Quality
Fast
Rich set of options.
Very handy in converting to MPEG from other formats
Powerful and Intuitive graphical user interface (GUI)
Completely free Software Development Kit (SDK) to provide instant MPEG-1/2/DVD encoding capabilities to your own freeware or commercial software applications.
FREE (small fee for MPEG-2 encoding capability). you can free download YMPEG 3.3 now.