Actually it does a little more
ADVC-HD50 – Real-Time HDMI to
FireWire (IEEE 1394) Conversion
Converts any uncompressed HDMI
source—for example from AVCHD
camcorders—to the HDV format for
easier editing (1280 x 720 to 1280 x
720 HDV and 1920 x 1080 to 1440 x
1080 HDV), also reducing the need for a
high-performance system or costly HDD
storage. Simple to operate—perfect for
laptops and desktops…
Of course not for evry job but for use with On Location and pulling video from cameras with hdmi its great