For Hi8, you are very much "stuck" with a Hi8 player. At some 15 bucks per 2 hour tape, then you have a balancing act to figure out.
For me, the 50 buck Hauppaugge or ATI will capture the video, the audio is via the sound card. All the DVD recorders I have for the PC come with DVD creation software and run from a low of 79 to 119 dollars.
I've done a few now and for me, it was painless.
Best of luck,
I currently own a Sony ccd-trv81 Hi-8 camcorder. I have about 12 (2hr) tapes that need conversion to dvd. I can't decide on whether to 1) invest in Canopus device and convert on my computer 2)pay someone to convert and buy a new camcorder or 3) buy a new camcorder that would allow me to convert analog hi8 tapes to digital format and burn to dvd's.
What camcorder in today's market would enable the third option ?