We tried taking the long way around. We weren't going for a real machinima, just one of those junky videos you see a halo.bungie.org
1. My friend records himself screwing around on Halo 2 to VHS.
2. Brings tape over to my place, we record what VCR plays into DV Recorder.
3. Use USB hook up to get a .mov of the movie from DV Recorder.
4. Convert to .wmv and open in Windows Movie Maker for editing.
At least that's what we would've done. Researched what we needed to buy (mostly the cables and a purchased license for quicktime I think), but didn't get through the whole process.
Crazy Donut Productions
Current Project: A Redneck game