This is a video compression utility.
Added several new options to the codec properties dialog that allow users to tweak settings for smoother playback and improved support for some video cards.
More info:
hxxp://www.divx.com/divx/divx_win_versions.php

Is this a new release ?

I will check it right now :lol:

Its been out for awhile now. I remember getting it several months ago.