ADS Technologies has announced the DVD Xpress DX2. This analog-to-digital converter does the usual and transfers video from composite or s-video sources to your PC via USB. Supported formats are MPEG-1, MPEG-2, or MPEG-4. Creation of your video clips is made easy with a built-in wizard. The converter also keeps audio in perfect sync with video by using “Audio-lock” technology. Looks very nice and will be available in February for around $175.

press release (.doc file)