The streaming and transcoding capabilities of VLC appear awesome but are hard to get to the bottom of. I tried to use VLC to convert a h264 stream coming out of

The streaming and transcoding capabilities of VLC appear awesome but are hard to get to the bottom of. I tried to use VLC to convert a h264 stream coming out of an IP camera (Foscam) into either a live FLV stream or an iPhone compatible HTTP stream; it seems like it is POSSIBLE but actually knowing which sequence of magic whispers to utter is the challenge :-)