What do I need to encode video? need recommendations

[gplracer]

I have a USB wintv but from what I have read here it is not the card to use because it is USB. I want to be able to put my video tapes on cd-rom before the tapes degrade too much. They have already been on there for several years. I need to know some choices that are good and not too expensive for encoding at a good quality. I do not want to change my video card because I play a lot of games. Please tell me so recommendations. I would like to be able to watch the episodes full screen. Some of the ones that I downloaded off the internet have been around 155 megs a piece and they were pretty good. I really do not want to buy anything that is not needed but if I need another hard drive let me know. Also what program would you use?
Here are my specs:

duron 600 overclocked to 900mhz
128mb of pc133 222 ram
18.5 gig WD 7200rpm hard drive
3dfx Voodoo 5 5500 agp
Creative Labs Soundblaster live value
Plextor 12x10x32x cdrw


ATI TV Wonder VE TV-tuner $19.99 after MIR at COMPUSA is this a good card or a good deal?

 

[Shockwave]

I think any capture card should do the trick. The biggest problem your gonna have is *room*. I mean LOTS of it. I would recommend a much bigger hard drive, if you have many movies, upwards of 45 gig. Doing video editing and stuff takes up ungodly amounts of space Otherwise, I use a Haupauge TV Capture card and VirtualDub. Its pretty tricky for me, because I have to offset my audio by neagitve 30 milliseconds to get sync, and I need to run a audiosel.exe to get VirtualDub to be able to capture audio. Here are some sites that should help out....
http://www.divxnews.com/
http://www.digital-digest.com/
http://www.digital-digest.com/dvd/downloads/encoding.html