I am currently tranferring over my VHS videos to DVD and I purchased a Canopus ADVC100 converter box, worked perfectly right out of the box. You will need to have/purchase software to capture the video to your computer and a firewire connection on your computer.
Check out the Canopus forum at their website and look for the ADVC100 thread. It will give you an idea what other people think about it and what problems they are experiencing, if any.
Good luck with your purchase decision,
Greenhorn1.