Real has just announced a new app called RealPlayer SP that allows users to capture internet video and convert it to a wide range of mobile devices, including iPhone, BlackBerry, and Sidekick, as well as share them via Facebook and Twitter. For a free app that lets you rip your favourite YouTube videos AND format them properly for mobile, RealPlayer SP is a pretty sweet ride. I had my first glimpse of this app back at WES, and could definitely see me making use of it for video podcasts. Full-sized videos really don’t work on mobile, and even if you’re lucky enough to have a low-quality option, it really seems like a waste on some of the great screens out there these days; hopefully RealPlayer SP will be able to optimize video without making such sacrifices. The beta is a free download, but fancy features like DVD playback/burning and h.264 video conversion will cost you $39.99.