Elgato has released a complimentary software update adding a number of new features to the Elgato Turbo.264, a hardware video encoding accelerator in USB stick format. Elgato Turbo.264 now supports iPhone video, offers user-customizable settings for video conversion, and enables manual selection of sound tracks from DVDs. Furthermore, this software update to Turbo.264 version 1.1 includes improved widescreen detection, performance improvements, and a number of bug fixes. Elgato Turbo.264 is priced at US$99.95.