The handbrake team have  decided to release an update for 0.9.6 that fixes a couple of common issues and adds a new preset for the AppleTV 3 and tweaks the existing iPad preset to support up to 720P.
Check it out at Handbrake’s Web site…
For those that are not familiar with Handbrake…
It is an open-source, GPL-licensed, multiplatform, multithreaded video transcoder, available for MacOS X, Linux and Windows. Or in otherwords, it allows you to transform video & audio to different formats… For example, take a video you downloaded from the Internet and play it on your iPad… As well, as being able to make a DVD into a movie file…