Texas Instruments has launched their latest low-cost DaVinci MPEG-4 video encoder / decoder intended to bring high-def to a new product set. The $12 DM355 handles MPEG-4 and JPEG processing on an ARM9E CPU core with uber-low power consumption making it perfect for digital photo frames, IP video cameras, digital still cameras and even video baby monitors. If that's not enough, the chip is also equipped with additional coprocessors for resizing, histogram generation and an on-screen display. The low-cost chip of course has its limitations as it cannot encode and decode at the same time but it should work just fine for the stated on-way applications. Oh, and yes, a high-def baby monitor is a good investment even though the old one works fine.