How to convert MTS to MP4 for playback on PSP, iPod, iPhone, Zune, etc?

MTS is a video format of AVCHD, AVCHD (Advanced Video Coding High Definition) is a format for the recording and playback of high definition video.Sony and Panasonic released first AVCHD camcorders in autumn of 2006. Canon and JVC followed with their consumer models. Favorable comparisons of AVCHD against HDV and XDCAM EX solidified perception of AVCHD as of a format acceptable for professional