These are versions of the Compify 720×486 script that work with Footage sources instead of Comps.
Basically this script takes any Footage Items that are selected in the Project window, creates new 720×486 D1 Comps, adds and resizes the footage item to fit and gives you the option to add them to the Render Queue. Also allows adding custom prefix and suffix to control the naming of the new items (vs. AE’s automated naming scheme that’s not always ideal)
The w_preset script (AE7 only) additionally allows you to add an animation preset.

Download:
FOOTAGE_COMPIFY-720×486 - creates a 720×486 Comp & adds the footage
FOOTAGE_COMPIFY-720×486_w_Preset-AE7 - Same as above with an anim. preset
FOOTAGE_COMPIFY_w_Preset-AE7 - Creates the comp at the same size as the footage