Originally posted by TekilaGold
Getting a mini DV Camcorder and hooking it up is a good solution - you just need to make sure it's a decent one and they start in a higher price range than you said you wanted to spend.
You said that you mainly want it to convert VHS? Well, the other minus is that you still have to hook your Video player to the camcorder to convert to DVD. It gets to be kinda cumbersome.
After doing extensive research on both the ADVC-100 and the Formac, and reading up all I could on performance, quality and people's opinions, I ended up getting both to try out. The quality of both were the same - fantastic. The both have the audio lock which works wonderfully even with extended conversion.
I ended up keeping the Formac, just because it was less cumbersome - the firewire powers it, so there's not ANOTHER electrical adapter on my desk. I've been very happy with it. I found it for $239 over the internet.
BTW, I also have an iMac : )