Rokuraku has been selling Media Recorders with a HDD (max 300 GB) for a while now, and they were quality products. Here’s a new version, without HDD this time, but with a USB port, so you can use an external HDD, a USB key or another media to store your videos in 480 at 6Mbps (DVD) and you can choose PSP and iPOD Video formats too. The design isn’t quite there yet, but I remember that the video encoding works flawless.