I haven't messed with converting any of my old VHS tapes to DVD yet, but this new DVDirect device from Sony looks promising.

Sony's new DVDirect™ (pronounced DVD Direct) device can connect directly to a camcorder or VCR for transferring tape-based video footage to DVD for playback on most home DVD players and PC DVD-ROM drives.
I just can't see myself spending hours trying to get old movies loaded onto my computer so I can try to edit and burn them on to DVDs. I'm just going to stick with digital photography for now.