I think there are other, compatible commercially available video encoders available as well, I need to remember what they are though.
Edit: I was thinkig of the CXA2075M, but from the discussion I remember it from it was mentioned it was rather uncommon:
however I did a quick search and found this on ebay (international):
http://cgi.ebay.com.my/SONY-Encoder-...3286.m63.l1177 Supposedly very high quality
As well as some CXA1645's
http://shop.ebay.com.my/i.html?_nkw=...1145&_osacat=0
However, the prices aren't that great, and the 2075 is actually cheaper... (and you could probably seach around and find a nicer loose genesis on the cheap)
Not sure if ~$15 ($9.50 each plus $5 flat rate shipping) would be worth it for a CXA2075M, I'm not sure just how "top notch" they actually are... (or if they're any better for S-Video)