Elgato has introduced its latest Mac peripheral, the Video Capture which will allow you to record analog video from VCRs or other sources to a digital format. The USB stick will be able to handle RCA, S-video and SCART footage, though SCART will require an adapter.

Using Elgato’s proprietary software, you can convert it to H.264 or MPEG-4 for export to iTunes or editing through iMovie and such. You can choose from 4:3 or 16:9 widescreen. It’s smart enough that it knows the difference between international video standards like NTSC and PAL.

You’ll just need an Intel-based Mac powered by a Core Duo or better processor and Mac OS X 10.5.6 or later to take full advantage of the €100 Video Capture. No word on when or if it will be US bound.

[Electronista]