Just a thought on passing for those who are interested in the above subject and just about to immerse themselves.
This surmises that a tight budget is not your problem.
Stand alone DVD RAM - R - RW recording machines are available. They have S Video and I-Link in connections plus of course composite. They will write to disc in real time giving excellent quality and good compatibility with PC and stand alone players.
This allows capture to PC, edit on PC and export back to camcorder. Then plug in the camcorder to the writer and away you go.
From one hour excellent quality to 6 hours questionable per disc.
Of course the usual applies --- Make sure of compatibility before making purchase.