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A couple of things that would be great additions would be to:
1) Include a back button to go from the VideoWrap complete screen back to the destination screen to encode in a different format without having to reselect the source again.
2) An extension on point 1 would be to enable the creation of a list of encodes so you can encode to several formats in one session.
Anyway, wether you take my suggestions of throw them in the trash - it is a great product and full marks on it - thanks guys.