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Shown below is my favorite`toy', a 128 MB ATI All-In-Wonder Radeon Video, TV Tuner, Capture, DVD, Video editing, etc. card. Paid $50 for it (at Geeks.com) and haven't scratched the surface on all the features it has. One use I will share with you is capturing old family VHS movies and converting them to DVD.
Below here is a screen shot of my desktop with my old ATI TV Tuner running in the background. This is a great way to watch a ballgame or golf match while you are working or cruising the net!!

TV cards are relatively cheap (under $50 for a good generic one) and simple to install and use. I think ATI makes the best one out there (but I'm prejudiced). I even have my VCR hooked to mine that allows me to run old family tapes and do impromptu still captures of irreplaceable moments. If you have a TV cable outlet in the vicinity of your PC, or just want to use the VCR trick, go for it!