It works almost well. The sound is good but the video has some "mosaic", both on live and verified good recordings? The cpu usage is < 10%
Did you try updating/compiling the hg/svn of xine-lib as well as ffmpeg ? Also, I don't know which software output device you use, but you can setup postprocessing with for instance xineliboutput or vdr-xine.
Sorry, forgot the relevant part :(
Using the reelbox-plugin.
Josce
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