Man, is there anything developers can’t do with a Nexus One? We’ve already showed you Sven Killing, who wrote his own USB Host driver for the N1. Well now they’ve figured out how to get a little 720p encoding action going on the phone as well.
It’s not as simple as downloading an app, but the process doesn’t look to bad. Of course if the thought of bricking your uber-phone turns you off, you may want to wait a little while.
[via xda-dev forums]