As the title says, ATi now has a new application that lets you transcode video from one format to another at the GPU level. It only works with the X1000 line of their GPU's, but is very fast from what this article says. How fast is it? Try a nearly 5 minute clip ripped from a DVD and transcoded into MPEG-4 format in about 24 seconds!
Technology, design, and bacon lover. Software engineer in San Francisco, CA.