Joystiq writes: "Here's another way to harness the power of the PS3's Cell chip. Fixstars Corporation of Japan has announced CodecSys CE-10, the first H.264 encoder that's designed specifically for the PS3. The product will be showcased at the National Association of Broadcasters show in Las Vegas starting April 20th. The CE-10 software will be installed on a PC, but will somehow allow users to access the power of the PS3 as a way of accelerating video encoding. Fixstars is promising "ultra fast HD encoding" and "high quality low bit rate compression," targeted at the prosumer market at a prosumer price."