Hi
http://www.linux.com/feature/123869
"Monty says the Theora converter is "obsolete by 10 years," that he's now writing a "real encoder" for Theora, and that it will "be another couple of months until its mainline release." He also says a lot of the problems with the original Theora code and encoder aren't because they're buggy in the usual sense, but because the original codebase was "written by people who were self-taught," and that their lack of experience shows.
On the Windows and DirectShow front, Monty says Xiph lost one of its most talented Windows coders -- he went to work for Microsoft -- and that one of his dreams is to be able to hire volunteer Xiph coder Timothy Terriberry to work on the project full-time. (Monty himself works for Red Hat on free media software.)"
Rahul