TiVo have upgraded their desktop software to allow conversion of TV content to MPEG-4, meaning that content can be created for the Sony PSP or any other device supporting MPEG-4 or H.264 video.

Retailing at $24.95, the software can be downloaded from the TiVo site.

TiVo, for those who don’t know, is a hardware box that :

…automatically finds and digitally records all of your favorite shows, every time they’re on. Every episode of your favorite series. Every Coppola movie. Every home improvement program. Even Dora cartoons! Whatever you choose. All while you’re out living life. Plus, only TiVo lets you watch your favorite shows any time, anywhere.

So there you go, if you are a bit of a TV addict, and want to be able to watch your TiVo content while on the move on your PSP, this software may be just what you need to ease the pain of converting content to a PSP friendly format.