I have recently started doing this myself. I use an Adaptec USB capture device (about £70). I believe a PCI version will do the same job. There is no doubt It does work very well and excellent quality DVDs can be made, however the limitations I found are that it is a very time consuming process,recording in real time, editting out the rubbish and transfering to DVD. Also recording to HDD is limited to about 1hr at a time (something to do with file sizes). To be honest I wish I had waited as DVD/VHS combi machines are now more affordable.