Yey!
Note that, much to my unhappiness (see issue #42) transcoding is a process that blocks the streaming from starting, which can take several minutes at 100% CPU.
yeah, that's a sticky problem unfortunately. on the plus side real transcoding is pretty rare given h264 is pretty much everywhere now. most of the "transcoding" gnomecast does is repackaging an unmodified h264 stream from one container format to another, which FFMPEG can do at 30-100x (rather than 1-2x for real transcoding).