I bought an Elgato EyeTV 250 Plus a few months back and while I really enjoy it, the main reason I bought it was to convert VHS tapes to DVD. Using EyeTV, I have to record the tape, then convert it to another format for iMovie, do edits, then convert again to share with iDVD. With Elgato's new Video Capture device, it seems I can skip that first converting part. This will save both time and preserve the quality. I also won't have to worry about plugging it into the wall. The only thing I'll be missing is not being able to watch TV with it. While I don't use it too much, it is nice to watch TV in my room (I gave my TV away and don't really want to buy a new one). Do y'all have any opinions on either device or any other suggestions for my situation?