Pinnacle Systems (a subsidiary of Avid) is coming out with the Pinnacle Video Transfer, a device that that records analog video onto any USB 2.0 storage device, including the iPod. Video is recorded straight to the H.264 format, with user-selectable quality of Good, Better and Best. The device is capable of charging the iPod while you transfer the video. You can even charge the iPod you're transferring to. It features S-Video, composite video and stereo audio analog inputs. It works with PSP, PSP Slim, USB flash drives, USB hard drives and the iPod video, iPod Nano third-gen, and iPod classic.

The Pinnacle Video Transfer should hit stores January 15th for $129.99.

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