Blue Pacific have recently released Turbine Video Encoder 2, an easy to use Video Encorder. It makes it easy to convert videos to FLV/SWF and instantly publish it for viewing, complete with the html wrapper and the skin swf.
Besides just encoding videos, it comes pre-bundled with a bunch of click-apply visual effects, good collection of player skins and of course the ability to define properties to your player assets. Turbine Video Encoder 2 comes with the ability to add subtitles, captions to your videos and the ability to watermark a video.
Its Simple mode allows publishing a video in 2 easy steps – Encode > Publish while its Advanced mode allows tinkering with the different settings – video, audio, special effects, player, subtitles.