iFunia has updated iFunia Media Converter, conversion software for Mac, to version 3.2.9. It offers OS X 10.7 (“Lion”) compatibility and a handful of new features, as well as performance improvements and optimizations.

iFunia Media Converter helps Mac users convert any video, DVD and audio to the formats they need. It combines a video converter, DVD ripper, and audio converter, allowing video fans to convert video/audio files, and rip DVDs without switching from one program to another.

Presets allow users to convert videos and DVD movies to play with Apple devices, Apple software, mobile phones, game players and more, including the iPad 2, iPhone 4, and latest iPod touch. With the built-in video and audio editor, users can trim videos. What’s more, iFunia Media Converter also has a deinterlacing function that help users to remove interlacing artifact of the DVD movies and videos.

iFunia Media Converter costs US$49; a demo is available for download at the product web site (http://macte.ch/tvYUY).