Transcoding too slow and doesn't make sense

[bloodstar23]

So I've started using Meezmo because my TV won't recognize the .mkv files I'm trying to play. That's good and all, so why is it that the transcoding process is trying to trancode an MKV file...into a matroska media file (an mkv file)? It appears to work, but that just doesn't make a whole lot of sense to me. That aside, when I first installed the program and started transcoding the files, it was running at 80-120 FPS, which was good. Then suddenly, out of the blue, the rate dropped to around 16 FPS, which is worthless. I can't stream movies at that rate. If I can't get this thing working properly, I have no reason to buy it. I'd just as well convert the files to a usable format myself.

I have an i7 2600K 3.4GHz CPU and 16 GB of high performance RAM. My system should be more than enough to transcode at streaming pace, and yet it doesn't work.

This is the ffmpeg info for the file I'm trying to transcode currently:

ffmpeg version N-46003-gfa48da1 Copyright (c) 2000-2012 the FFmpeg developers
built on Oct 25 2012 12:37:27 with gcc 4.6.2 (GCC)
configuration: --enable-memalign-hack --arch=x86 --target-os=mingw32 --cross-prefix=i686-w64-mingw32- --enable-static --disable-shared --enable-zlib --disable-postproc --prefix=/home/peter/ffmpeg/build/gpl --enable-libmp3lame --enable-libx264 --enable-gpl --extra-libs='-lx264 -lpthread' --enable-runtime-cpudetect --extra-cflags=-I/home/peter/cc/include --extra-ldflags=-L/home/peter/cc/lib --pkg-config=pkg-config --disable-w32threads --enable-zlib
libavutil 52. 0.100 / 52. 0.100
libavcodec 54. 69.100 / 54. 69.100
libavformat 54. 34.100 / 54. 34.100
libavdevice 54. 3.100 / 54. 3.100
libavfilter 3. 20.105 / 3. 20.105
libswscale 2. 1.101 / 2. 1.101
libswresample 0. 16.100 / 0. 16.100
Input #0, matroska,webm, from 'You don't need my directory:\[ANE] Bakemonogatari [BDRip 1080p x264 FLAC]\[ANE] Bakemonogatari - Ep05 [BDRip 1080p x264 FLAC].mkv':
Metadata:
title : Mayoi Snail - Part 3
creation_time : 2011-10-29 15:05:07
Duration: 00:26:11.07, start: 0.000000, bitrate: 5030 kb/s
Chapter #0.0: start 0.000000, end 37.037000
Metadata:
title : Prologue
Chapter #0.1: start 37.037000, end 127.044000
Metadata:
title : Opening
Chapter #0.2: start 127.044000, end 737.070000
Metadata:
title : Part A
Chapter #0.3: start 737.070000, end 1417.499000
Metadata:
title : Part B
Chapter #0.4: start 1417.499000, end 1525.023000
Metadata:
title : Epilogue
Chapter #0.5: start 1525.023000, end 1571.070000
Metadata:
title : Preview
Stream #0:0(eng): Video: h264 (High 10), yuv420p10le, 1920x1080, SAR 1:1 DAR 16:9, 23.98 fps, 23.98 tbr, 1k tbn, 47.95 tbc (default)
Stream #0:1(jpn): Audio: flac, 48000 Hz, stereo, s16 (default)
Stream #0:2(eng): Subtitle: ssa (default)
Metadata:
title : gg/qIIq
Codec 0x18000 is not in the full list.
Stream #0:3: Attachment: unknown_codec
Metadata:
filename : BellGothic-Black.otf
mimetype : application/x-truetype-font
Codec 0x18000 is not in the full list.
Stream #0:4: Attachment: unknown_codec
Metadata:
filename : BlissProOT-Regular.otf
mimetype : application/x-truetype-font
Codec 0x18000 is not in the full list.
Stream #0:5: Attachment: unknown_codec
Metadata:
filename : cac-moose.ttf
mimetype : application/x-truetype-font
Codec 0x18000 is not in the full list.
Stream #0:6: Attachment: unknown_codec
Metadata:
filename : calibri.ttf
mimetype : application/x-truetype-font
Codec 0x18000 is not in the full list.
Stream #0:7: Attachment: unknown_codec
Metadata:
filename : CHANC__.TTF
mimetype : application/x-truetype-font
Codec 0x18000 is not in the full list.
Stream #0:8: Attachment: unknown_codec
Metadata:
filename : Complete in Him.ttf
mimetype : application/x-truetype-font
Codec 0x18000 is not in the full list.
Stream #0:9: Attachment: unknown_codec
Metadata:
filename : erasdust.ttf
mimetype : application/x-truetype-font
Codec 0x18000 is not in the full list.
Stream #0:10: Attachment: unknown_codec
Metadata:
filename : fansubBlock.ttf
mimetype : application/x-truetype-font
Codec 0x18000 is not in the full list.
Stream #0:11: Attachment: unknown_codec
Metadata:
filename : GaramondPremrPro-Capt.otf
mimetype : application/x-truetype-font
Codec 0x18000 is not in the full list.
Stream #0:12: Attachment: unknown_codec
Metadata:
filename : JacobyICG-Light.otf
mimetype : application/x-truetype-font
Codec 0x18000 is not in the full list.
Stream #0:13: Attachment: unknown_codec
Metadata:
filename : LT.TTF
mimetype : application/x-truetype-font
Codec 0x18000 is not in the full list.
Stream #0:14: Attachment: unknown_codec
Metadata:
filename : LT_1.ttf
mimetype : application/x-truetype-font
Codec 0x18000 is not in the full list.
Stream #0:15: Attachment: unknown_codec
Metadata:
filename : LT_70142.ttf
mimetype : application/x-truetype-font
Codec 0x18000 is not in the full list.
Stream #0:16: Attachment: unknown_codec
Metadata:
filename : moonp.ttf
mimetype : application/x-truetype-font
Codec 0x18000 is not in the full list.
Stream #0:17: Attachment: unknown_codec
Metadata:
filename : Profile-Regular.otf
mimetype : application/x-truetype-font
Codec 0x18000 is not in the full list.
Stream #0:18: Attachment: unknown_codec
Metadata:
filename : take_out_the_garbage.ttf
mimetype : application/x-truetype-font
Codec 0x18000 is not in the full list.
Stream #0:19: Attachment: unknown_codec
Metadata:
filename : AbyssEPTitleFont.ttf
mimetype : application/x-truetype-font
Codec 0x18000 is not in the full list.
Stream #0:20: Attachment: unknown_codec
Metadata:
filename : AbyssTSFont.ttf
mimetype : application/x-truetype-font
Codec 0x18000 is not in the full list.
Stream #0:21: Attachment: unknown_codec
Metadata:
filename : AntiqueOliveOil.ttf
mimetype : application/x-truetype-font
Codec 0x18000 is not in the full list.
Stream #0:22: Attachment: unknown_codec
Metadata:
filename : BAARS___.TTF
mimetype : application/x-truetype-font
Codec 0x18000 is not in the full list.
Stream #0:23: Attachment: unknown_codec
Metadata:
filename : BAKESBR.TTF
mimetype : application/x-truetype-font
At least one output file must be specified

<MEZZMO>: Child process ended with code: 109, ExitCode=1


---> DB Level Info: 50, 110
---> Frame rate: 23.98
---> Aspect ratio: 16:9


Also, I can't be sure until I'm done with one transcode, but from the little bit that did stream to the TV before it crashed, it doesn't look like the subtitles were working either.

Oh and one more thing. Whenever I try to tell it to pre-transcode a single folder, it instead queues up every single folder in the parent directory, which is really annoying given that the said directory has over 570 video files.

Edit: The Device I'm transcoding to is named [HTS]E6500 by the program, and is an AQUOS C8470U.

Edit2: I also noticed that it's running multiple instances of ffmpeg.exe*32. There's one that remains fairly solid and uses about a gig of RAM, and then another instance that pops up and goes away randomly, eating up about 200MB of ram and then vanishing a second later.