I've been using v3 of this product for several years and it works quite well. It takes a while to get a feeling for which options selections produce which results, but the manual is very helpful. I learned early in that a poor quality VHS tape will result in a poor quality DVD (frankly, we use it to export movies from our PVR with excellent results), and that the DVD burner in my laptop is NOT really capable of burning clean, reliable discs at its top speed; I've been using 'slow' or 'medium' with better success, apart from the occasional dud DVD (I've had fewer duds from Verbatim than from other manufacturers). The 's-video' connection produces better video than the composite port. Keep in mind that this is a 'real time' transfer -- do NOT expect the process to be similar to just ripping a CD into iTunes or Windows Media Player; set it up, set its timer, and go off and do something else.