Does your camcorder not have a Firewire socket? It defeats the point of having a Hi Def camcorder if you use composite video to connect it to your computer as composite video is analogue and not digital. It has a really low resolution aswell. If your camcorder has Firewire, then purchase a PCI Firewire card for the computer and install it in a free PCI slot (takes about 5 minutes) and get a Firewire cable, that's all you need to get going on the connection front. Try that out first before you spend money on a new computer to see what happens.

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