I have a Panasonic DVD recorder DMR-HS2PP with a 40 GB hard drive. I am able to record movies and then edit and put on a DVD.
I can also upload Edited videos to the hard drive from Hi 8 Recorder or VHS or BETA and then index them with a menu and download to a DVD and then erase all and recover hard drive space.
I like this arrangement, and was looking to see if there was anything on the market that would do this in Blu-Ray if that would be better quality. Of course quality is still only as good as the weakest link.