I've seen the screenshots and it is very much similar to what Karl told me that he intended to provide with the KVCD encoder.
I tried to download it to further inspection but it suffers from a bad decease
the need for M$ .NET 1.1 Framework.
I don't have it and I won't install it and the same goes to Java JRE
So only judging from the pics it may (or not) come with some other projects binaries.
Such binaries and legal issues have prevented Karl to go further/deeper into the KVCD project
I hope that changes in the near future
BTW I hope DVX is not a DivX encoder because I can see the XviD button on it's toolbar.
And I think I saw MPEG-4 in it's specification on it's site.
Cheers