Pros: - Small size.
- No external powersource, completely USB powered.
- Supports both NTSC and PAL.
- Have audio inputs in case you don't want or can use the line in on your soundcard.
- Unbeatable price. Have seen the same product for 3x the price.


Cons: - If used in with the higher resolutions the deinterlacing isn't that great but I'm not sure if it's the software I am using (not the bundled one) or if it is a hardware issue.


Other Thoughts: Seems to be the same product as http://www.dealextreme.com/details.dx/sku.5707
Keep in mind that if you use the audio inputs it will not output that sound directly to your speakers like it might do if you use your soundcards. That's fine for capturing but if you intend to use it to be able to watch stuff on your computer screen then line in on the soundcard is they way to go. (This is why it didn't get a 5 in Ease-of-use).


Bottomline: I bought this to be able to connect composite equipment to my laptop and for my needs it is perfect and I can't complain about the price.
I have not tried the S-Video input yet.