QUOTE(JDM @ Oct 21 2006, 10:46)

I am wondering what all the things highlighted means,
Everyone else seems to have covered everything except the long / short blocks bit. The mp3 data is divided into chunks, which are the blocks. Normally the encoder uses long blocks, I believe they are more efficient. But sometimes it needs to use short blocks, generally in more difficult areas that have sharp transitions. One old mp3 encoder (xing v1) never used short blocks at all, and thus sounded very bad when fed these types of sounds (the famous example was the problem sample called "castanets").
QUOTE
what options I have to change these settings, and do they make any difference if they are changed.
Most of the things you have highlighted you can't change, and other stuff (like the lowpass filter) you
shouldn't change. The presets are there for a reason, stick with them. The verbose output screen tells you a lot of stuff about what the encoder is doing, but most people should look at it only for entertainment.

QUOTE(Sebastian Mares @ Oct 21 2006, 14:48)

* being simple stereo frames in case of joint stereo coding and % being mid/side stereo frames (or the other way round, not sure right now).
The other way around. If you notice, below the graph there is "MS %" which is for mid/side, and it shows 100% in this case.