Videoredo has a pre-release version available with h.264 support. I upgraded from VideoRedo Plus for less than $50. Full price is something like $98 US. Again, this is a pre-release version. You won't find it listed on the main Videoredo web page.
http://www.videoredo.net/msgBoard/showt ... hp?t=15759
Upgrading is not so straight-forward. Just make sure you have your current version of VideoRedo Plus installed.
I found the link on www.videohelp.com