I also considered the Diamond VC500, but they don't list a bit capture rate, and judging from the reviews, it seems like it might be just as low as the Elgato. (The Elgato offers a higher bit rate option if you have a Mac, but not a PC.) What device below $150 is the best for the money, considering bit rate and video quality, with an S-video input and USB output? I was thinking of getting something like the Elgato Video Capture, but since I have a PC, and it only gives you one option for capture rate on a PC of only 1.4 MBit/sec, I thought I'd try to find something that can record at a higher bit rate. Since I won't use it after that, I don't want to spend a fortune on a video capture device I need to convert about 25 old Hi8 home videos to digital format.
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