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I do hours of this each week using Osprey 100, 220 230 and 2000 cards. The Osprey 2000 does it in hardware and is no longer available (it seems). With the Osprey 100, 200 and 230 use windows 98 and CineplayerDVR. Originally it was written by Cinax, taken over by Ravisent. Now Sonic seem to have gobbled it up and hiddeen it. It is just GREAT.
http://www.cineplayer.com/support/
It produces very good mpeg-1 at 352x288 PAL at around 600meg per hour. And is just so stable. Brilliant. I have 3 old copies that just rock. With the Osprey cards its all so easy.
The Cineplayer Editor is also awesome. Edit hours of video in a few minutes as mpeg-1.
Looks like SOnic took it off the market to push people into DVD. But for simple CD ROM, VideoCD these products are great. Use a cpu of 450MHz and above, turn off preview, click record on the PC and your files just work.. I use digital cameras, but analog capture in real time. Just soo easy. Look at the videos at www.r2.co.nz they were all done this way.
rich
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