IO-DATA has a video capture card that supports not only Mpeg2 but also Mpeg4 and it also offers recording formats tailored for the PSP or iPOD Video thanks to the GVencoder and a ULead software called Video ToolBox 2 for MemoryStick (that is also iPOD compatible).

These are the GV-MVP/GX2W amd GV-MVP/GX2 cards.

For those of you who ran out of free PCI slots or those that have a laptop, there is also an external version called GV-MVP/RZ3.