Jarrett, I've been looking at that one too. My son wants to do this and is saving his money. I'll help him out some. Keep us posted on how you like it.
For those of you who don't know, all current Apple computers come with iMovie and iDVD which makes editing movies and burning DVDs a pleasure.
We still have a 15 year old Sony 8mm. Does anyone make an analog-to-digital convertor for getting those movies onto the computer?