Guys, bless you for looking over my shoulder...
The Runtime error message is a pop-up notification from the o/s. Once I click through it, the "Easy VHS" program runs and even allows me to select from the Record DVD or Record, Edit... options. At that point, however, the program reports "No Video" and the program freezes up and can only be terminated from the o/s level.
I hooked up the dongle using a verified-to-be-working USB 2.0 port and I also checked that the BNC cables running to the VCR are not broken.
I checked with MSoft and Sony and my machine is running latest version of Video and Sound drivers and has all the o/s patches and tweaks (with the exception of Msoft's never-to-be-sufficiently-damned "Bing toolbar). When I installed the software, I disabled my BitDefender antivirus and ran "Setup" as administrator.
I've attached the dxdiag run to this post and hope there's some smoking gun that pops out at somebody.
You got a chuckle out of me, Guru. To clarify, my user name represents truth in advertising (as well as a matter of some pride, since it represents a rather recent change in my status) and is not meant to be an attempt to elicit pity. Truth be told I spent many years in the computer industry and even now serve as webmaster for two non-profits.