The team has done lots of improvements based on your feedback, but most importantly, the latest version includes a public API to allow 3rd party developers to create modifications and further improvements. I hope to see a vibrant community emerging around this app: end-user discussion happening here at Beta Labs, and development discussion at maemo.org. If this modus operandi works well, we'll probably do the same thing with other future projects too.
The entire Video Converter team has been excited by your enthusiasm, feedback, and suggestions for our software. It's extremely gratifying for us to release software and instantly see how many people are interested enough in it to take the time to tell us what they like (and don't like) about it.