I did it once with a program called Slide Show Movie Maker. As I recall it was free. While it was for slideshows, if you turned off the slide transitions and set the transition time to 0, you could stream pics together to make a seamless movie. I don't know about the max fps though. Whats cool is that you can just use an Import Folder option and it will add all the images in the folder to your slide show in (I believe) alphabetical order.
After that it is just a matter of exporting to avi.
Ever notice how in Microsoft word, the word "microsoft" is auto corrected to be "Microsoft" but "macintosh" just gets the dumb red underline?