Vuze has released an update to its BitTorrent client and media player. Version 4.2 can now be used to automatically convert videos to formats required for the iPhone, iPods, Apple TV, PS3 and Xbox 360. iTunes, PS3 and Xbox 360 are each auto-detected, showing up under a list of devices in a new sidebar. Video files can then be dragged and dropped from the library or desktop and onto the appropriate…