Thanks Ben. Anyway, I found a solution. Here’s how:
I used the NetStream plugin in DVB Viewer to stream to VLC. I streamed this incoming DVBV stream using RTSP and at the same time transcoding it to H.264 + AAC to an application called xSplit. xSplit can then take this incoming VLC stream and stream it to Flash Media Server using RTMP.
So it went like this: DVBViewer -> VLC -> xSplit -> FMS
Hope this helps someone in the future.