I did a little experimenting with Nero's AAC encoder tonight, and here is a short guide on how to get it to work with foo_pod's transcoder.
Step 0: Buy Nero 6 and install it. The free demo also works, but you are limited to 50 encodings and a message box pops up before each encoding.
Step 1: Download
NAACEnc, unzip it, and put NAACEnc.exe in your Foobar2000 directory (where foobar2000.exe is located).
Step 2: Go to the foo_pod Preferences, Transcoder tab, and select "Use Custom Encoder Settings". Click on the "Configure" button.
Step 3: Change the following settings:
Encoder:
NAACEnc.exe Extension:
m4a or
mp4 (doesn't really matter)
Parameters:
-internet -qf -lc %s %d Highest BPS Supported:
16 Display Name:
Nero AAC (Fast Internet AAC-LC)Step 4: There is no step 4.
You can change the encoding quality by replacing
-internet with one of the following (from lowest to highest quality): -tape, -radio, -internet, -streaming, -normal, -extreme, -audiophile, -transcode. Also, the -qf argument means to use the fast quality setting. -qh (High quality) doesn't seem to be any slower than -qf, but the bitrates are higher than with -qf. Display Name can be anything you want, but it is written to the transcoded file as the TRANCODER metadata, so pick something descriptive.
I did some informal tests, and the Nero AAC encoder seemed to produce about the same quality as FAAC 1.24, at a 10kbps lower bitrate. So it isn't a huge difference, but if you already own Nero 6, it might be worth using instead of FAAC.