Video digitizing is a dicier game that audio, but I'd say a good way 
to go would be a VideoVision Studio PCI and any fairly modern hard 
drive, plus, again Toast Titanium 5. 

The VideoVision Studio has very high quality (not broadcast, but 
finer than VHS, so you're not losing any detail) compression, and any 
fairly modern hard drive hooked up to the internal 10MB/s SCSI bus 
will be able to handle the required data rates. Toast will then 
gladly take your digitized and edited video files and burn VCDs from 
them.

As for editing software to clip the video up with, take your pick. I 
assume you want a cheap, good solution, so find someone that's 
subscribed to MacAddict for a while.

About a year ago they had a free full version of Avid Videoshop on 
The Disc. Videoshop is a very good program, especially when the price 
is considered!

Hope that's helpful.

-Tyler Smith, [EMAIL PROTECTED]

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