A new version is up for all platforms.
What is fixed:Exact frame times (exact to a microsecond).
Exception handling improved.
all meta-data is now read and sorted before any dng's are written.
links are in first post.
Worked fine before. Not sure what happened but now I get this error on both windows and osx :S
./mlv2dng M27-2212.MLV test
...std::exception
Thanks for providing the file

It made debugging very easy.
What was happening is that your camera has electric leveling and it seems that g3gg0 has already implemented it into MLV. I have yet to include this in mlv2dng, and because I was handling missing headers in a stupid way, the program exited without printing the right error message.
Now the error handling has been fixed so that it should notify of missing headers and what the header ID is, without stopping conversion.
How do I use the macversion? Drag and drop would be sweet 
The "drag'n'drop" feature in windows is just windows being clever and automatically opening a terminal with correct parameters to run. On OsX you will have to use the terminal for now (or some Mac nerd can maybe help you.. I don't know anything about OsX).
on the terminal write:
./mlv2dng inputfile.mlv
I'm on a mac, i tried mlv_dump through a VM but didn't have any success there either.
I think it's because I'm using OSX 10.7.5.
'Illegal instruction: 4' seems to be a terminal error where whatever tool your attempting to use isn't understood by the terminal, or something like that.
I could partition my drive and run osx 10.8 from it (with out having to pay) but I only wanna do that if it's a last resort.
Thanks for looking into it.
This sounds like a corrupted file since mlv_dump does not work either. Could you by any chance upload the file for me, so I can debug this?
What about mlv2dng WITH conversion to Apple Prores? It is possible?
Everything is possible

For now, it will be dng only.
i got this error too on a mac: "Illegal instruction: 4". and can we get a drag n drop application it will be simple 
Have you tried converting to legacy raw with mlv_dump?