It worked! I tried iSquint following a suggestion from aklw and I have already uploaded 2 SPN vids to my iphone, Two Step and Bricks, and saved myself some money :D. I knew there had to be a way to do this without forking over 40-50 bucks!

Since I just started I don't know if there are issues in the conversion, but so far the vids look pretty on my iphone screen. I'm converting to the highest quality I can get on image, about 24 MB for a 5 min vid.