A company by the name of Blackmagic Design does a fair amount of business in video editing products, converters and routers for the post-production and television broadcast industries. It is now crossing over to the consumer side with the introduction of the Blackmagic Video Recorder, priced at around $120.

The Blackmagic Video Recorder is a USB video capture product designed to take video from any analog video source, such as VHS or DVD, capture it and convert it to H.264 video files stored on your computer. This type of video file and can be used with products such as the iPod. Blackmagic says this product is thumb drive sized.

Other features of this Video Recorder include software which you install to capture the video. This software also reportedly lets you set video scaling as well as allowing interactive cropping of the edges. It should be available now from Blackmagic.

Blackmagic Video Recorder [via eCoustics]