linkyExtremeTech's Jason Cross got a lead about a technology ATI is developing called Avivo Transcode that will use ATI graphics cards to cut down the time it takes to transcode video by a factor of five.
It's part of the general-purpose computation on GPU movement. The Aviva Transcode software can only work with ATI's latest 1000-series GPUs, and the company is working on profiles that will allow, for example, transcoding DVDs for Sony's PSP."
Interesting, hope it works with older GPU's as well (Like my x800xt), it would help give credence to buying a premium Graphic card.