The Xiph.org Foundation's open source developers have released version 1.1 ("Thusnelda") of their reference implementation of the libtheora encoder library. Thusnelda is said to offer considerable quality and performance improvements over version 1.0.
Read more »New encoder library for Ogg Theora open source video codec
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Blogging Theora
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"It's time for an update, especially during a period of rapid progress. Over the past six months, I've been incrementally reorganizing the entire codebase from top to bottom. This in itself didn't really produce direct tangible performance benefits. However, I was finally able to implement the Holy Grail: efficient per-token RD optimization.
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