sikoone has a good idea however; for a quality VCR/DVD Recorder the price is going to be more than the $200.00 for the Canopus.
I know because I own a JVC DR-MV1S DVD Recorder/VCR Recorder. Using a DVD recorder like mine; what ever is on the Tape is what you get on the DVD.
Bad shots and all. After messing with mine for a while, I found that it was easier to import into my computer directly from my VCR and Camera through the Canopus than it was to, record to DVD then extract the files convert then them to a editable format, edit the file, then convert them back for burning to DVD.
With the Canopus, you capture with a program like Microsoft Movie Maker (or numbeous other programs) as .avi files, then edit, then burn to DVD.
As stated earlier in this thread, you pay for quality.