I do my converstion though a computer using a capture card of some sort. It might take a bit longer, but if you're converting something that has commercials, it's easy to remove them.
Or, there's also DVD-Recorders. I have one of those too, mostly just as a VCR replacement, but it's very possible to export from VHS and record. I'd reccomend getting one of those rather than a 2-in-one just because if it fails, you just have to get one device(rather than say the DVD portion failing of a DVD/VCR)
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Desktop * Athlon X2 4200 | 2G RAM | 160G HD | 7600GT
Laptop1 * C2D T5550 | 3G RAM | 120G HD | Intel x3100
Laptop2 * C2D T5250 | 2G RAM | 160G HD | Intel x3100
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