I finally did this yesterday and what a success it was! :-D
11oz strip steak cut into bite-sized chunks -

---------------
Cut with knife:
http://www.hostpic.org/images/1805131931550104.jpg
---------------

Then I put about half into my little toy
food processor.

---------------
Pulsed in food processor:
http://www.hostpic.org/images/1805131935560096.jpg
---------------

With the ground, I made two small burgers, no more
than 3oz each. It was just an experiment.

Ate one burger yesterday and very tasty.
The other, I'll eat today.

With the remaining half of strip steak, I left in the small
chunks. This morning, I pan-seared them and tossed into my
crockpot. Added some onion, potato, carrots, mushrooms, some msg,
salt, pepper and 2 cups of strong beef broth. This will simmer
for hours to get that beef super tender. Should turn out to be a
small batch of nice beef stew. If necessary, I'll thicken it a
bit at the end.

Anyway, the food processor turned that steak into excellent
ground beef. Texture not minced but looks and feels just like
ground beef that you would buy at the store.

I'm a fan now. Next time I see a decent ribeye steak on sale,
I'll finally try a few ribeye burgers...one of the items on my
bucket list for years.