I think you can buy a whole NAS box, probably goes cheaper currently than buying the box on a per component basis, dunno maybe you can hook it up to a raspi or something? likely the raspberry pi already has a built in H.264 transcoder, but I figure it wouldn't be too flexible with other codecs
Better time probably would have been like 18 months ago when components were cheaper
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I think you can buy a whole NAS box, probably goes cheaper currently than buying the box on a per component basis, dunno maybe you can hook it up to a raspi or something? likely the raspberry pi already has a built in H.264 transcoder, but I figure it wouldn't be too flexible with other codecs