The big feature in this release is the custom settings panel. Just go to the Output Pane of the File Info Panel and you’ll see several check boxes. Click one and you can adjust that parameter. I’ve tried to make the UI as simple and intuitive as possible. For instance, when you adjust the cropping values, the Movie Panel will reflect them so you know what the final video output will look like.
But remember, with great power comes great responsibility. There are some combinations of settings which will result in videos which will not run on the desired device, such as Apple TV. There may even be combinations which will fail to encode properly at all.
This version is also 64 bit only, which makes it much faster, but requires Snow Leopard to run.
If you already have a previous version of Video Monkey, just go to the VM menu and select Check For Updates… and you’ll get the new version. Otherwise download it from here.