I discovered it by accident this morning–I accidentally grabbed a .mov file to put into There’s A Zombie In My Treehouse and dropped it into iBooks Author 2.0 and discovered it now converts .mov files to the .m4v format without me having to do anything more than drag and drop onto the target page I want it to go in the book.
It still took about 20-30 seconds for a very short video to compress, but this really could save a lot of time if you’ve discovered the initial drag and drop into Compressor didn’t work and you are in a hurry to get things added to the book.
Thanks, Apple. This was a nice surprise and really made things easier.
Now if I could figure out the part of attaching audio to an image…..