This is a newer version of the Freeware XMPEG, but still in early stages of development. XMPEG is a modification version of FlaskMPEG. This program decodes MPEG1 (Audio & Video) and MPEG2 streams and offers you the possibilty to reencode theses streams in the format you want. Actual evolutions makes this XMPEG faster, more stable, and add a lot of options.