I went cheap by getting a LG dvd/hdd recorder.
and got burnt ....
Does some things REALLY good (excellent pic quality honestly, inbuilt combi filtering) , while dropping the ball on other things...
Like finalizing discs - some other (RECENT !) dvd players not being able to play them, not being able to burn on 4 or 8 speed
, not being able to ffwd divx files....
....and recordings whose audio go out of sync with video if the disc is crammed full...
Buy a capture card and a big F HD
EDIT:
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I've also read that capturing VHS is a royal pain in the butt. Do you have any experience doing VHS rips?
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Where did you hear that ? It's one of the (easy) things it does flawless :
Just plug a VHS intothe Scart-in at the back.
PAL source only though