Yah, it was a dud 🙂 That’s what I get for being cheap. I did find this one which does go straight to H264, is made for Mac, and has good reviews. https://www.elgato.com/video/video-capture
Hi Jeff. Thanks for the response. I’m on a Mac 10.7 using a simple component-to-USB converter (https://goo.gl/zD0YRE). Was trying to do it cheap. Is there software that can convert live?