I bought it to digitize my VHS movies to DVD. The version I have was purchased on the Internet and it has a button to disable the Macrovison (crap used to prevent making copies). I even used to record movies or shows from Hulu by connecting my two computers and recording on the 2nd one. That was a great device. I still have the original box and accessories.
I bought it to digitize my vinyls via USB on my computer. It comes with a free editing software to help remove scratches, pops, clicks and background noise.