I've been using a Plextor ConvertX PX-M402U Video Converter ($159). Had it for about 18 months, have used it primarily to archive video off of my Tivo onto DVD. Hardware based encoder delivers great video quality. I've only transferred video from a VHS tape on two occasions but was very pleased with the results.
Shuttle XPC SB75G2 V2, Windows XP Home SP1, 3.0c P4(OC\'d to 3.5Ghz.), 1GB. PC3200 DDR400 Kingston, Sapphire Radeon 9550/128MB , 80 Gig SATA Samsung (Op.Sys&Apps.), 250 Gig SATA Hitachi (Video Capture), 250Gig IDE Hitachi(Rendered Video) Pioneer 708A Burner, Ulead VideoStudio 9