I was a little apprehensive about buying this as there were mixed reviews. However, I found it very easy to install - just remember to install the software before plugging in the adapter - and easy to use (but see below). Without reading the manual (if there is one!), I was soon editting and copying all my old camcorder footage to DVD. The supplied software is supposed to be the limited version, but it breaks down a long section of video into separate sections, allows you to edit it and add a menu and various fade-ins: which is all you need for this type of work. You can select output to hard drive/ DVD etc in various formats (even PSP), combine different tapes, and leave it to get on with the job. No failures so far! I do have a powerful PC (AMD dual core based) with plenty of memory (2 Gig), so perhaps others won't find it works quite so smoothly.
The only thing I would STRONGLY recommend is that before attampting to use the software you right-click "My Computer" (in Windows XP), then from "Properties" select the "Advanced" tab and under Performance "Settings" set "Adjust for best performance" (you can change it back easily). This doesn't do any harm (although it changes the look of windows somewhat). But otherwise you may get severe delays and lockups when the software is processing video.