mslovely101

Here’s an online service that will transcode FLVs for you into several common formats, such as AVI/DivX, MOV/MPEG4, 3GP, etc. I’ve only had a chance to try it on a couple videos, but it seems to work well. You can submit a YouTube URL or a direct link to an FLV and it will kick out a recompressed version that you can easily play on your desktop, iPod or PSP. Want more? Click here

SOURCE: I got this bit of information from   here.