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If you are techie and have an old VCR lying around you can convert them yourself using something like this video to dvd capture device by MAGIX or this hardware by Honestech. Once it is capture to your computer, you can edit it in any standard video editing software. Once the tape is in okay...

I've used iRig before at a mate's place and it wasn't bad. For portability it is convenient but I couldn't see myself replacing the laptop at a gig, not yet anyway.