Submerge

Submerge can easily create hard-coded subtitled movies for your computer, mp3-player, cellphone or game console. It will merge your subtitle file with your movie and create a new file that is suited for your needs. It supports almost all text-based subtitle formats and you can export the movie for the most common devices with just one click. It also has a fullscreen player built-in, so you can watch the subtitled movie directly within Submerge.