iRecord Allows You to Record Audio/Video Content Directly to an iPod

The iRecord automatically converts any incoming analog audio or video signal into mp3 (audio) or mpeg4 (video) and saves it directly to a connected iPod or to a USB flash drive or USB hard drive.  They claim that any input device that can be connected using the included RCA and S-video cables can be used with the iRecord.  No software is required to perform the conversions, but a video-capable iPod is required to store converted movies.  The iRecord is $199.95