AWS introduces Elastic Transcoder

Unless I'm missing something, this is nothing that can't already be done by <a href="http://Zencoder.com" rel="nofollow">http://Zencoder.com</a>

Seems quite expensive to me. Wouldn't it be cheaper to roll your own on a (few) EC2 instances?

Interesting. Could something like this be used to live stream video?<p>Edit: at those rates, streaming to 1000 people for an hour would cost you 1800 dollars. I can't see that being worthwhile....