This requires some time. Did you wait long enough? On your relatively slow system, you may have to wait considerable time.
Start here: Some suggestions... and answer at least the 16 questions at the end of the Wiki article.
I did wait. Eventually Premiere crashes.
But now I've tested it after the reinstall of CS4 and it managed to encode other projects without crashing. So now I know it IS project-specific. Something is wrong with the project or something. I just can't pinpoint it...
I am running into the same problem although I have a much faster system I am using CS4 My encoder starts and gets almost to the end of the encode and then stops the yellow line is almost completely to the end it looks like it is done but stops. I have left it for several hours after it stops and nothing! I am also not able to transcode a blue ray in encore when I use the dynamic link any suggestions?
When I was having this problem, I ended up having to search the entire
sequence for the problem area, a video or image that was causing the encoder
to fail. After narrowing it down to a certain section of the timeline, I
worked through elimination to find the problem video, removing one video,
image or image sequence at a time and encoding the problem area again....on
the two occasions I've had to do this, I found one corrupt video and one
large sequence of images that, which for some reason the encoder didn't
like...re-encoding the problem video and putting it back into the project
solved it for me.