gussy:
You would most likley need some sort of FPGA for that, add in compression and it becomes a bit more complex…There are no single chip solutions that do what you want (apart from the kind of ASIC’s in video cameras etc).
I’m being harrased to look at incorporating this somehow into my current project… if I have to learn something else to make a’module’ I guess I can… 
I was thinking an ARM, but I guess its figuring out an FPGA instead…
Any directions you can point me in then?