PSPVC is a FFMPEG front-end GUI to help Linux users convert video files for the PSP. Now, fif1973 has released v0.2 of this video conversion utility today. I'm not well-educated in Linux-know how, but if your version of Linux can execute .sh files, then this video conversion program should work for you. This nifty little application also allows you to queue batch video conversions and set different parameters for each one.

PSPVC will convert ordinary video files into both MPEG4/SP (all firmwares) and H264/AVC (firmware 2.0+), and has a range of customizable options. You can edit the aspect ratio, video bitrate, audio bitrate and you can even choose an image to have as your thumbnail. The latest version of PSPVC also includes an estimated time of when conversion will finish.

Thanks for the tip gorka!

Download: [PSPVC v0.2]