How to use Techspansion's open source to build iSquint and VisualHub

Squint and VisualHub, the popular video converter on Mac OS X have now gone open source. They also have got new names, Film Redux (VisualHub) and PunyVid (iSquint). As you may or may not know, the developer, Techspanion has closed shop
and after an outcry from fans, it has released the source code.
You can get them here: SourceForge.net Repository - [transcoderredux] Index of /
This a tutorial on how to use Techspansion's open source to build iSquint and VisualHub.

Here are two parts:
Part 1, How to use open source to build VisualHub (Film Redux)?
Part 2, How to use open source to build iSquint (PunyVid).

What you need:
Mac OS X 10.5, Xcode 3.0 and Techspansion's open source

Part 1, How to use open source to build VisualHub (Film Redux)?
Step 1, Open the open source, you will see two folders: FilmRedux and PunyVid. Open FilmRedux and find the file "FilmRedux.xcodeproj".



Step 2, Double click "FilmRedux.xcodeproj" to open it with Xcode.



Step 3, Click the button "Build and Go" to build VisualHub (Film Redux). That's all.



Part 2, How to use open source to build iSquint( PunyVid)?
Step 1, Open the open source, you will see two folders: FilmRedux and PunyVid. Open PunyVid and find the file "PunyVid.xcodeproj".



Step 2, Double click "PunyVid.xcodeproj" to open it with Xcode.



Step 3, Click the button "Build and Go" to build iSquint (PunyVid). That's all.



The operation is simple, but the stability would be a great concern, it kept reporting error messages during my try which is really frustrated. Perhaps it's not wise enough to spend hours coping with those errors messages, as there must be some commercial programs that perform much more reliably, like the Video Converter for Mac.
If you want to convert videos to DVD, here is DVD Creator for Mac.