Bought Datavideo VDR-1000 for $700 including shipping on ebay. I spent a day on this.

Captured VCD is so good (like Commercial VCD's).
Captured SVCD is almost DVD quality (99%).
No sync problem.

Tested with sources VHS, DVD, DV Cameras.(analog video, S-video)

The amazing part is, captured one is looking better than original(using VHS source).

I used STI cdr(low cost). VDR accepted this CD for recoring. I was so happy (I have 700 blank CDs at home).

This one has IEEE-1394 to capture from DV cams.

I have to test PHOTOCD option in coming days.

Recording is just like VCR. So simple.

I am planning to send the samples to VCDHELP forum. Really this unit is amazing.

Finally I can give rest for my computer system.