I have a cable tv settop box capable of recording the MPEG-TS bit stream on to a USB-drive similar to what I can do with EyeTV on my Mac.
Unfortunately I have found that XBMC and VLC are the only OS X tools which can cope with these files, and I would like to have something simple which can convert this into a normal MPEG-PS file compatible with QuickTime for further processing. I am well versed in Terminal.app, and can compile from source.
What should I use for this?