This product does is the same as iZ3D's 3D software but without the need for a computer (it is a completely independent piece of hardware with 3D conversion software built in). It allows any of the new '3D ready monitors' to display any of the older 3D technologies by converting them. See the full story (with photos) at Giz3D.com (http://giz3d.com) PS. When are we going to see Engadget3D.com??? (I'll write it for you.. for a lazy million.. kidding)
Let the hive mind of Engadget get that for you.
"I need help! I want a small pocket camcorder but I'm not sure which one to get. I don't want to fall into the hype of the Flip because I worry two hours won't be enough. What should I be looking for when considering a small camcorder and where can I get a good quality one with expandable memory? Thanks!"
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http://giz3d.com/769/3d-gaming/next3d-player-stereoscopic-3d-you-tube-style-3d-player-xbox-3d-beta-test-now-open