Don't think it can plus H264 is quicktime only so would be x264 give staxrip a go as it will convert most files to different formats
Don't think it can plus H264 is quicktime only so would be x264 give staxrip a go as it will convert most files to different formats, i use it all the time to convert to x264, if you need some profiles for converting i will find them plus it comes with ipod profiles already
x264 is open source where H264 you have to pay for
I've read a little about staxrip but it looks a bit daunting. However, some profiles would be handy to learn and experiment with.