Pinnacle Systems had a very impressive new product at CES Unveiled. The demonstrated their new "Video Transfer" product dubbed Press and Go.
Press and Go is a very good term for this device and it is brilliantly simple to use. You can plug and Analog Video feed into it and encode real time into a Apple iPod, Sony PSP, USB Memory stick.
They were playing a "Home DVD" ;) and encoded it real time into the Sony PSP, iPod, Memory Stick. While not the first product to do this Neuros has a device that will do similar thing the price point on this will definitely compete with Neuros.