here's an alternative to using a camcorder to getting your analog video (VHS) to DV (onto your computer):
--Get a standalone analog to DV converter
There are many converters out there that will do this. I personally recommend checking out Canopus' line of products. They carry an large line of products that specialize in this, each having their own unique features. I myself use the Canopus ADVC-100. It works GREAT. It captures/exports both analog and DV video. All it is, is simply a small box that attaches via a firewire port on your computer. On the back there are all the outputs you need (s-video, composite, IEEE, etc) and on the front are the inputs (s-video, composite, IEEE, etc). You can even connect to DV devices at once and/or use the device to connect to an external monitor while editing (I myself do this). Since the ADVC-100 connects via firewire, your computer reconizes it as if it were a camcorder/recorder. With that, you don't need to install any drivers and all NLEs support it. When capturing analog, you simple connect your analog source (VCR, cam, etc) and capture it using your NLE to capture. The converter transfers the analog video to DV so when you capture video, you are capturing it in the same format as if you had a camcorder connected via firewire. This means ANY NLE can capture your analog video and there's not need to worry about quality (as it is HQ DV video). I have ALWAYS had wonderful experiences using Canopus' products and I highly recommend going to
http://www.canopus.com and looking at their products. They offer a very affordable alternative to using a camcorder. I bought my ADVC-100 new for about $240.
Once you have your footage in DV on your computer, you have many options. You can edit your footage, clean it up, etc etc. Or if you want to just transfer it to DVD, you can encode it to MPEG 2 and burn it onto a DVD. I suggest using DVD-R for doing this as I've found to have MUCH less compatibility problems over the years than with the "+" format.
If you have any questions, you can email me
Good luck
-Jim