Well as I explained its more than just programming the feature and implementing it into the site, our most important concern is with the legal ramifications we might face.
I understand the conversion is taking a long time to run atm, we are working on adding a new convertor server and that will split up the conversion job between 2 servers which should be more than enough to handle all the conversions. We will also soon let the file owners see the conversion progress on the file's page.
IMPORTANT NOTICE
Reporting has been fixed now, however the graph is still being worked on, please allow sometime till we fix that. But the report below the graph is accurate and functional right now.
Regards