Already got MPEG Streamclip. From my math, it seems to go faster (maybe a 10 hour convert). Though, that is without chapter markers, and it keeps botching up the aspect ratio. I set everything correctly (including the crop settings), but it keeps defaulting to the iPod preset dimensions instead of my custom resolution. The only way I find to get around that is usually to convert to a regular QuickTime MOV, and then, into iPod format.
I'm a slight bit surprised the films have never been released on iTunes. Maybe they're waiting for the full-on HD BluRay release.
I saw the 48 hour ETA when I came home after work the other night. It had been converting for five hours prior. Though, I had the wrong aspect ratio settings, and it was set to "fast de-interlace." I have an eight hour shift today. So, I'll likely give it another try.
-NJM