That's a great price. I've got a Formac external device, it hooks up to a VCR and also has a TV tuner, I use it a lot and really like it. The one you're looking at is a lot less expensive, I'll tell you. The only problem I can see with it is that it doesn't have a coaxial hookup, only S-VHS and Component. You couldn't hook up a TV cable to it without one of those, I think.