I have the most recent release of it. It has not been updated (other than betas) in nearly two years (the current "released" version came out back in late July of 2008).
Also, a lot of so-called "720p" video files from television may have been interlaced originals which had been converted to 720/60p. In this case, one would have to be careful where to make the cuts; otherwise, the field order may be thrown off once the video is converted to 480i for standard-definition DVD.
Finally, if your source videos are in 1080i and you intend to use VideoReDo to create and author a standard-definition DVD, you're out of luck: I found that the encoder in VideoReDo, like most encoders in other video editing software, do a very poor job of resizing interlaced material. This is because very, very few of them use the correct resizing alogarithm (and the NLEs which do this resizing correctly without the aid of third-party plugins are astronomically expensive - priced in the tens of thousands to hundreds of thousands of dollars). As a result, you need VirtualDub and/or AviSynth (both of them freeware video processing programs, and most of the plugins available for those two are also free downloads) in addition to your video editor of your choice in order to do this resizing of interlaced material "correctly."