Marcus,
In the meantime, are you hip to the x.264 alternative?
forums.creativecow.net/readpost/344/5782
"Since 100% of what I do goes to the web, encoding quality and file size is a big deal to me. My recent tests with the open source x264 QT Component have been pretty impressive--same or better quality of H.264 with almost half the file size. I've used it with QT 7 and Compressor 3.5.3 on exported Pro Res 422 files from FCP X and ScreenFlow 3."
"x264 forms the core of many web video services, such as Youtube, Facebook, Vimeo, and Hulu. It is widely used in television broadcast and by ISPs."
Dave