Elgato released Turbo.264 HD USB encoder stick for Mac OS X with the ability to handle 1080p content.
With the Turbo.264 you can preview and move HD camcorder movies to your Mac or iPod in one fast and easy step. Turbo.264 HD automatically detects AVCHD camcorders.
Convert all popular video formats
Drag and drop any video file into the application and convert it to a high-quality H.264 file in standard or HD resolutions. H.264 video is a universal format that can be played on iPod, iPhone, Apple TV, gaming consoles, selected smartphones, and on the web.
Incredibly fast and easy to use
Comes with intuitive software and converts videos at amazing speeds. Dramatically accelerates video encoding when the hardware encoder is used with Mac applications such as iMovie®, QuickTime® Pro, Final Cut® Pro, and EyeTV®.
Suitable for pros as well as novices
Crop, scale, trim, batch process, and easily merge multiple clips into one movie. Select from a range of presets or add your own video output profiles.
The pruce is $150.
Source: iLounge