I am currently in communicating on the theora mailing list see http://lists.xiph.org/pipermail/theora/2010-July/thread.html
Using this command i can get about 4 minutes and 12 seconds to 4Mbytes ffmpeg -f OSS -ar 8000 -ab 16k -i /dev/audio -f video4linux2 -r 12.5 -s 320x240 -b 100k -i /dev/video0 -acodec libvorbis -y /media/HDD/test.ogv tom <snip>?
