2.5 ghz computer with multiple hard drives

HP Lightscribe DVD writer (makes really nice covers that won't come off)
See some examples.

Hauppauge WinTV-PVR 150 MCE capture card converts analog signal from VHS and Hi8 to digital files.

Professional-grade JVC SVHS VCR with line TBC and digital audio and video noise reduction. Read more about the JVC HR-S7600U

Datavideo TBC-1000 Time Base Corrector for perfect sync and jitter-free video. Read more about the Datavideo TBC-1000

Sony TRV-260 Digital-8 camcorder for capturing digital-8

Sony Handycam Video 8 analog for capturing Hi8

JVC GR-DVL310 Mini-DV camcorder for capturing mini-dv.

A Full frame TBC will correct any sync and timing problems coming out of the VCR, caused by problems with the tape itself. Here's an example of the power of this little jewel:

This is an extreme case of bad video that had a lot of both up and down and side to side movement and waviness (see 'Without TBC').

Without TBC:

With TBC: