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Two software products that do the trick:
FREE: MPEG Streamclip is a powerful free video converter, player, editor for Mac and Windows.It can play many movie files, not only MPEGs; it can convert MPEG files between muxed/demuxed formats for authoring; it can encode movies to many formats, including iPod; it can cut, trim and join movies. MPEG Streamclip can also download videos from YouTube and Google by entering the page URL.
Commercial: iSofter DVD to YouTube Converter is fast and easy to use DVD to YouTube video converter software. It helps you convert home DV or DVD to YouTube supported video MPEG-4(DivX,XviD) with excellent image and sound