Media conversion utility
has been updated adding support for Apple TV conversions. According to the developer, high definition video can be converted for the Apple TV up to 10 times faster than QuickTime Pro. On a 1.83GHz Intel Core Duo, a 2-hour 720p movie can be converted in about 5 hours. Obviously, the faster your system, the better performance you will see. The utility also does full resolution encodes of DVDs. VisualHub 1.2.3 is a free update to registered users and costs $23.32 for new users.