VisualSubSync is a subtitle program using audio waveform representation as it's cornerstone.
SRT and SSA/ASS subtitle formats are supported.
It also provides some tools (error checking, speed indicators, network suggestions) to help improving the quality of your subtitle.
Current version is 1.0.1 (Changelog)
Click here to go to the download page
Making a transcript of your favourite TV series
Synchronizing an already made transcript
Installing codecs
Homepage : http://www.visualsubsync.org
Project homepage : http://project.visualsubsync.org
Bug report / feature request page : http://tracker.visualsubsync.org
E-mail : It's available in VSS about box.