So you’re part of the remnant on this earth that still owns video tapes but have run out of players to play them. Why not digitize these video tapes instead? At least you will be able to loop them infinitely on your PC, and best of all is there is no need to rewind those tapes once you’re done as everything can be done at the click of a button. ION Audio has just released its VCR 2 PC device that connects to your PC via USB 2.0, with an adjacent composite connection for camcorders, while RCA output is located on the back to playback previews on a TV. In the PAL version, you will find the SCART output as well. All digital conversion will be in the H.264 for iPod/PSP or MPEG-2 for DVD authoring formats. The ION VCR 2 PC will retail for $249 each.

Source: Everything USB