I found this post from Fosfor Gadgets to be pretty informative:

Want to know how to convert video to the iPod touch or the iPhone? Today Lifehacker presented a great guide to the Top 10 free video rippers, encoders, and converters out there. My personal favorites are Videora iPod touch converter for the PC and iSquint for the Mac.

Top 10 Free Video Rippers, Encoders, and Converters [lifehacker.com]

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