Looks fine, but unless this is a command line tool I can integrate into my build scripts then I'm just not going to use it.
I have an image that imageoptim brought down to 149kb. I ran THAT already compressed image through compressor.io and it brought it down to 51kb. Whoa. Very very minimal degradation in some of the image drop shadows but not enough to care based on that file size
The advantage of the mod_pagespeed approach is that you can keep hi-res images in your web page and not have to be concerned with manually compressing things.
Also how does it compare to other tools such as ImageAlpha http://pngmini.com ?
jpegtran -optimize -progressive -scans scan_table.txt image.jpg > image_optimized.jpg optipng in.png -o 5 -strip all -out temp.png
pngout -f6 -kp -ks temp.png out.png
For jpegs, use jpegrescan. jpegrescan -s -t in.jpg out.jpg