Fuji Work’s PvrAlex is a video recorder unlike any other recorder, with a sole purpose of recording in the H.264/MPEG-4 format in real time, which is the video format for the PSP. More surprising even is that this video recorder only has a MS DUO port, so it will record video only onto that card (61 minutes on a 256Mb card). There is a USB port on the device that will allow you to connect an external HDD to store the videos though.
This product has potential, but there are several problems:
1) it will cost as much as a HDD/DVD burner video recorder
2) it is bigger than a HDD/DVD burner video recorder (280×45x220mm for 1.4kg)
3) it only supports standard MS sticks
4) EPG functions are not supported (so you can’t program it from your phone or the Internet)
So the concept is good, but they should at least include a HDD.