FLV to MPEG4 (and other formats) Conveter

There has been a lot of talk about converting flv files recorded via the Flash Media Server or red5 to mp3 for podcasting. Well a solution that used to be closed source is now opening up. Exciting news. Check it out.

Update #2:
Looks like we have a solution now! Nellynomore. Whew.. thanks be.

Check it out.