http://www.notebookreview.com/default.asp?newsID=3359&review=Dell+Inspiron+1501

Please read the forum sticky and get firewire (card and cable).

Examples.
http://www.geeks.com/details.asp?invtid=1394_46_6-DT&cat=CBL
http://www.newegg.com/Product/Product.aspx?Item=N82E16839150004
Yes on Vista http://www.siig.com/ViewProduct.aspx?pn=NN-EC2012-S1
From Dell at http://accessories.us.dell.com/sna/productdetail.aspx?c=us&l=en&sku=A0615782

As to editing software you can try what Dell and Microsoft provided but I don't use it.
Bob