(Via The Register)
SanDisk V-Mate™ Video Memory Card Recorder
OHMIGOD! It records on a memory card, and you can take it out, use it on your PDA, your laptop or what ever. According to El Reg, it has some oddities in the user interface, but Oh Baby! I'm going to get my birthday present early this year.
Get yours now before the MPAA sues it out of existence.