I have made a first test release of Transmageddon today, 0.23. It is the first release depending on GStreamer 0.11/1.0 and GTK3. It also features a little bit of GNOME Shell and Unity integration in the form of a notification message when its done transcoding and the menu has been moved into the shell. You can find the test release in the pre-release directory on linuxrising.org. Let me know if you have any issues so I can try to fix them before I make a final stable release when GStreamer 1.0 is released. Be aware that you want the GStreamer 0.11 releases from yesterday to try this release.
The above screenshot is taken on my Fedora 18 test system!