The new version just came out, and the multithreading seems great. I went from 33x to 48x encode speed from the previous version to the new one.
Code:
C:\temp>oggenc2 -q 5 "01 - Elite.wav"
Opening with wav module: WAV file reader
Encoding "01 - Elite.wav" to
"01 - Elite.ogg"
at quality 5,00
[100,0%] [ 0m00s remaining] /
Done encoding file "01 - Elite.ogg"
File length: 4m 24,0s
Elapsed time: 0m 05,5s
Rate: 47,8467
Average bitrate: 174,7 kb/s