What are some best YouTube MP4 converters to convert YouTube streaming videos to MP4 format?

I have few queries regarding how to convert YouTube videos to MP4 format. How I can convert YouTube videos to MP4 so that I can put them on my iPod Touch? Which is the best YouTube to MP4 converter?
What’s the one you currently use to convert YouTube videos to a MP4/iPod file? It can be a free software or add-on. Is there any software that lets me download Internet video? I know there’s software that downloads as .flv but you still need software to convert them to mp4. Are there a downloader and mp4 converter software in one, so effectively I can download as mp4? Please help. Thanks.

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