

Elgato's Video Capture does just that.". "VHS may seem like a bad dream, but many of us have stacks of old cassettes in a cupboard somewhere that deserve to be digitised onto the Mac for sharing.When the recording is finished, you’re presented with simple ‘one-click’ button options that allow you to send the video file into iMovie for editing, upload it to YouTube, or add it to your iTunes library so that it can be transferred onto your iPod." - Cliff Joseph - Macworld UK

It asks you roughly how long your recording is likely to be and indicates how much disk space you’ll need to store the video file.

In fact, exactly what YouTube wants to have uploaded. "Elgato makes an inexpensive USB device that captures S-Video and turns it into a H.264/MPEG-4 file that's perfect for uploading.
