Flash Media Encoder 2 (FME) has just been released. FME is a FREE live broadcasting tool and designed to enable you to capture live audio and video while streaming it in real-time to Flash Media Server (FMS).
It uses the high quality VP6 codec (and chances are that H.264 will be added to support the Flash Player's upcoming new codec) and also adds MP3 audio encoding, a much requested feature. On top of that, FME can also be tightly integrated into your streaming infrastructure with command-line control both locally and through a remote connection. Auto-restart after power failures or other system re-starts helps ensure that your live streams are reliably available.
You can download FME here.
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