In the begining I used a Pinacle dc1000 capture card and Adobe Premeire to do Laser transfers. I have found the stand alone Panasonic DVDR recorders to do a equaly good job without out all the hassle. Also your going to loose the AC3 track unless you have a heavy duty pc with a pro sound card and Pro Tools to sync up the 5.1 mix with the video.
To the rest of the posters, There is alot of films titles on laser disc that is not availble on DVD and probally wont be released to DVD. I alone have over 10,000 laser disc's that are not on DVD yet in any region.