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Windows version of Elgato Turbo.264?

2

Is there a solution like the Elgato Turbo.264 for Windows?

I see the Verge crew often packs this in their bags:

http://www.theverge.com/2012/6/1/3057209/whats-in-your-bag-ross-miller

http://www.theverge.com/2012/2/24/2821762/whats-in-your-bag-joshua-topolsky

I use a Canon 60D and the .mov files have a pretty high bitrate. While the files are compatible with Youtube, I'd prefer to save time and compress them if possible. Ideally I'd spend less time encoding+upload than if I was uploading the raw .mov from the camera. Or is the solution to simply upgrade my system to a modern CPU (currently using a core2duo)