At just under $200, the iLuv i180WHT Video System allows you to record VGA quality (640×480) video directly into your iPod.

Simply feed in your camcorder or other video source via Composite or S-Video and RCA inputs for audio. The i180WHT provides adjustments for recording quality and length, then encodes the video into MPEG-4 format. The system supports 5th gen (30gb / 60gb) and just announced, 5.5th gen (30gb / 80gb) iPods with video capabilities.