Having had a quick looksie at how chronolapse performs its video encoding, and wanting to have more “control” over the process. I wrote up a small program that provides more functionality.

Screenshot :P
The main addition is the ability to skip over photos, which means that if I record a frame every 5 seconds, I can then later on record the video using only every 4th frame.
The only problem at the moment is setting the output format (It currently records to the file types “equivalent video format”, MEncoder isn’t making it easy, or I’m not looking in the right spot…), I’ll keep trying to get it right (Or if someone knows what settings should be used, let me know :))
You can download it from here.
I’ll look into fixing problems with it once the comp is over (Only an hour to go!)