ATI TV WONDER VE...Realtime Mpeg2 Encoding???

[athlonrig]

I've read that it only encodes to mpg1 or something else (vcr) or something, but ATI says it encodes to Mpeg2 in realtime. Is there a way to get it to do this?

http://www.ati.com/na/pages/products/pc/tv_wonder_ve/index.html