I bought this specifically on the recommendation of a computer magazine for the 2 likes above, ie to convert old analogue camcorder tapes to DV (worked brilliantly, no messing with codecs required) and to backup edited movie masterpices to DV tape.
No hassle analogue to DV (Firewire) conversion; DV input for PC backup; low cost
Grainy dull picture; incredibly loud noise from motor picked up on soundtrack