iFFmpeg
A newer version of iFFmpeg is available.
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"It is open source software"
Pros
None. Source code should have been published.
Cons
Violation of license terms.
Summary
FFmpeg is free software licensed under the LGPL or GPL depending on your choice of configuration options. If you use FFmpeg or its constituent libraries, you must adhere to the terms of the license in question. You can find basic compliance information and get licensing help on our license and legal considerations page. Note that if you violate our license terms, we will track you down, list you on our Hall of Shame and eventually sue you.
Source: http://www.ffmpeg.org/