AVS Video Recorder
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Full user review
Simple interface. Does the job. Nice to have the 2 video format options right there.
Does NOT import/record in mpeg4 format--it's mpeg2. That may just be a misprint on C-net. The software's home page lists it as mpeg-2.
Works for what I needed it to do, and it's free. What more could I ask? :)
This is not really a con: Importing from dvcam results in the weird .dv extension/format (vs .avi) that only VLC player can play, not Windows Media Player. This is ok though, once you know. I edit using Adobe Premier Pro, which accepts the .dv format, so no biggie.