I got this last week and have been transferring 10 to 20+ year old VHS and VHS-c movies to the computer. That is probably all I will ever use it for but it is doing a good job for me. Installed easily (Win 7 64 bit) and the editing software is good enough. I am just doing basic stuff. Splitting the video up by date and/or size (to keep it less than 2GB per file).
Another program, VSDC Video Editor Pro, simply has too outdated an interface, making common tasks difficult. Longtime pro video editors will note the absence of Avid Media Composer, which is simply too unwieldy for PCMag's primarily consumer audience. There are a couple of more interesting applications—NCH VideoPad and AVS Video Editor among them—that we simply haven't tested yet.
In our tests, we timed how long it took to install each application, import and organize video files, build a test video and menu, burn a disc, and more. We found that programs that take even a few minutes longer than other applications to complete simple tasks can end up adding hours to the total process. The best DVD authoring programs run fast and save that extra time you would otherwise spend babysitting a progress bar.