I saw something about poggenc on the xiph mailing list but got bored of searching. heh. Do oggdropXP or oggenc support SMP?
Also a feature request. Since ogg files are the most self describing compressed file format (love it), all I'd suggest is a option to replicate the options used on a file encode eg.
"oggenc --advanced-encode-option lowpass_frequency=18 -c"CMD=-q6 --advanced-encode-option lowpass_frequency=18"