Indeed. I consider ~12fps (half realtime for 24p) to be quite usable for most scenarios.
High volume transcoding really does need high speeds though. 48 to 72fps is not unreasonable.
x264 can probably slaughter the competition at this threshold, but I'm always interested to see updated codec comparisons. I'll be doing my own comparison soon, between Rhozet Carbon Coder (Mainconcept) and x264 at 50mbps 1080p for mezzanine file purposes.
~MiSfit
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These are all my personal statements, not those of my employer :)
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