I bought iuVCR in 2004 or 2005 and used it for roughly 1000 hours of capture. Best software investment I ever did.
You can get that too with the Avermedia, I've done it in Virtualdub. Or you can be clever and do less than 400gb an hour with a lossless compressor like lagarith. Doesn't need a raid. Just saying.
you didn't get my point. I don't say that the Avermedia isn't bad in any way. I just advise to think about the whole workflow before getting the hardware. Using a BMD is fantastic if you want to do lots of hardware effects and HEAVY editing in Premiere or After Effects. It's wonderful to work with the uncompressed codecs as it's all hardware accelerated.
I totally agree that it can make sense to record in a codec like Lagarith, but you lose the realtime editing and you lose the hardware preview output of the BMD. I have a three monitor setup, two monitors for working and a third with the live preview, it's just nice.
Then again, for archiving or youtube uploads h.264 is the way to go and I personally dislike the idea of doing hundreds and thousands of hours of h.264 encoding in software, so for me it's hardware h.264 all the way. If you don't want to do HEAVY editing, a direct h.264 capture just makes more sense than capturing in anything else, so a HD-PVR for analogue HD or a Colossus for digital HD just seems to make more sense than using a Avermedia card.
If you want both (uncompressed for editing) + hardware h.264 the combination of a BMD capture card (e.g. Intensity) and a HW encoder (HD-PVR or h.264 Pro rekorder makes sense), so you can capture on the BMD and then use the BMD's output to feed the HW encoder - again something you can't do with the Avermedia.
So, please don't get me wrong. The Avermedia card is great at it's price IF that's what you want. In other words, if somebody is fine without hardware h.264 encoding, without video out to feed another encoder and without hardware acceleration for editing other codecs, it's absolutely fine..... Just don't close your eyes when it comes to (possibly better) alternatives.