I am using FFMPEG to convert a video to .mp4, ,ogg, .webm so that it may be viewed in all HTML5 capable browsers using the video tag
Having tried most of the suggestions above, here's what actually worked for me to convert wmv files to small mp4, webm, ogg on a Windows7-64 machine:
64bit\ffmpeg -i test.wmv test.mpg
old\ffmpeg -i test.mpg -vcodec h264 -s 320x240 test.mp4
32bit\ffmpeg -i test.mpg -vcodec libvpx -acodec libvorbis -f webm -s 320x240 test.webm
32bit\ffmpeg -i test.mpg -vcodec libtheora -acodec libvorbis -s 320x240 test.ogg
old\ffmpeg is version SVN-r5570
64bit\ffmpeg is version N-38292-ga4c22e3 built 2/27/12 14:55:47
32bit\ffmpeg is version N-39267-g4082198 built 3/25/12 20:25:08
(Only the 64 bit version would read the wmv, so I used it to convert to mpg as a common format. Only the old ffmpeg would create an mp4.)