I took the product back to the store and they gave me my money back. I reported it was defective. I did not do an exchange because I decided to cut my losses as far as Roxio Easy VHS to DVD was concerned. After all, the replacement device could have been defective, too, given my luck (see below).
I followed up on your question about the Firewire link to my camcorder, which I have used extensively to read and write tapes to and from my computer. I found the camcorder had an analog-digital conversion option, where I could take in analog signals from my VCR, convert them to DV in the camera, and then send them via the Firewire to my computer. Oh boy, how simple!
After about a couple of hours, I finally got the VHS video playing on my laptop, via the Firewire cable and my Elura 100 camcorder, plus an analog input cable (supplied by Canon) from the Elura to my VCR . However, this is as far as the "analog-digital conversion" goes since Roxio Videowave refuses to capture the composite video signal, as does VAIO Movie Maker. The problem comes from having no tape in the camcorder -- that makes both programs think they have nothing to record, despite the fact that they already are playing the video signal from the camcorder! Why not put in a tape to fool the program? I did, and it does fool the program -- into doing the wrong thing. Videowave then simply records what's on the tape in the camcorder, not the analog signal coming in from the VCR.
Sadly, after searching the forums, I found this particular capture problem is not a new problem:
Even sadder, after 2 1/2 years, Roxio still hasn't yet fixed the problem [it IS fixable].
If you or anyone else has a solution, I'd appreciate hearing it.