Well, to tell ya the truth that IS a good question. I know right now that there is two really mainstream ways to do the encoding: dvd2avi (think thats what it is) which is an msdos program and may not have a way to recognize 2nd cpu. Then there is the FlaskMPEG way, it also probably wont recognize the 2nd cpu. I'm sure with the open sourced way that it is, somebody will come up with a way to utilize that second cpu, but till then, it prbly won't get you anything encoding. You will get better performance with those things that CAN utilize both of them (winNT/2000+programs). I maybe wrong though on this whole thing though, somebody want to enlighten us if you know any different?
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