Okay, I'm actually impressed enough to write a review. This application isn't -perfect-, but it is probably one of the best pieces of freeware I have seen in awhile.

PROS:
1. Nice drag-n-drop interface with simple options for the beginner user.
2. Good conversion speed.
3. Uses MPEG4 instead of h.264 (Personal preference. MPEG4 is much more compatible with other players and is far faster to convert while only using a little more space.)
4. Very extensive list of supported formats to convert from.
5. Queue to convert all those lovely files you have archived.
6. Nice "Advance Mode" for those of us who are picky about the results.
7. Supports Cropping! You are TOO GOOD to me!

CONS (hey, nothing is perfect):
1. Really wish it had a 640x preset instead of the 720x preset. 640x is perfect for both TV viewing and scaling 50% for the iPod screen. Ah well, I can manually calculate the resolution with the Advance sidebar.
2. Wish I could adjust the bitrate for the sound.
3. Needs a 10-second test-convert feature so I can sample the output before letting it crank away for the next hour.

SUMMARY:
Seriously, this gives you almost all the power you need to convert any video to the iPod for both beginners and advanced users without the need to purchase Quicktime Pro. As a registered user of Quicktime Pro, I actually find this to be BETTER since it is easier, faster, and allows cropping. With iQuint and HandBrake (for DVDs), you are pretty much set to dump everything to your iPod.

REQUESTS:
1. First off, see the CONS section. ;-)
2. Option to enable "Dual-Pass Encoding" for better quality.
3. Ability to show some info about the original movie (resolution, type, bit-rate, etc) I can use Quicktime Pro to give me that info in the meantime.

Anyhow, it looks like it can handle VOBs as well (it's going to be awhile before I can test the resulting file), so this may handle DVDs if you use Mac the Ripper. Impressive!
-macr0t0r