There is a USB3 version that does work rather smashingly for SD (and lower) imports via a decent USB2 port. For what the b166er is asking it would be able to import at a decent enough quality from 8mm.
I'd also go a little further to what you've put though Compressor does an extremely good job at batch imports and for the cost you can get multiple output in the one render (so for your iPhone, TV, H.264, etc...).