I'm not sure about the Dazzle products. I think Dazzle's DV Bridge converts analog to DV, and captures over firewire, maintaining the red chroma compression problem. You don't wanna go uncompressed, trust me. I used to work for a production company, and my uncompressed SD cost a pretty penny. High system specs are a must, the SD capture card is expensive, and you need a RAID to capture the video. Oh, and one minute is over 800 MB! Only someone who'd plunk down $15,000 for a Japanese Laserdisc player should consider this option.

I'm wondering the same thing as you: How to make Laserdisc and VHS edits without going to DV. Do the Laserdisc preservations (Star Wars, Blade Runner, etc.) sidestep this by capturing directly to the MPEG2 using an external hardware card, so no editing/recompression is neccessary? I noticed OCPMovie's "Classic Editions" (AMAZING as they were) had serious antialiasing issues. Is that a side-effect of editing in DV? I'd love to see comparisons of MPEG2s made from DV captures and MPEG2s encoded on-the-fly by a breakout card.

One more question: If the source is DVD (as in OCPMovie's case) why not edit the exact MPEG2s ripped from the disc? You'd need to recompress when you output, but you need to do that anyway to fit on a 4.3GB disc.