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@The Belgain
> What kind of spec machine is needed for that to run in realtime?
Encoding consumes about the same processor time as decoding.
> What's the quality like?
I got FFMPEG as basis for encoder (hardly rewrited and optimized) so quality is the same. Fixed bitrate used for output - now it is 448kbps (just for testing), release will use 640kbps. Of course, quality is worse than of specialied encoders. Bitrate factor is about 0.6, i.e. 640kbps quality of FFMPEG encoder ~= 384kbps quality of standalone encoder (it is theoretical value; it was no special quality tests).
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