[quote name='dexman']I'm afraid I already know the answer but does it HAVE to be USB 2.0? I'm pretty sure my older notebook does not have that...

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I have a 1410 and yes it does require USB 2.0
When you run the install disk, it will check for USB 2.0, Processor, Direct X compatable card. If any of the these don't exist it will not allow you to install the drivers and software. If running a CPU < recommeded speed, you get a warning, but can still install it.
From my experience this little device is great. I am running it on a 1.0 AMD Athlon and the rarely skips (this doesn't happen at all when running on a recommened CPU)
The sound has a annoying crackling, but it is my soundcard. This doesn't seem to happen on a different PC. So I just connect the AV audio diectly to my monitors built in speakers and it work great. The video quality look pretty good on my 23" LCD.
The TV tuner works well if you have cable, sat owners will need to have a sat box to watch tv.
Pros: < $20 you get a tv tuner/capture remote device
USB, no opening computer to install
no need for external PS
size - everthing fits neatly in nice carring case (except cd)
easy setup
interface easy to use
Cons: install cd does not fit in carrying case (should have been a minidisc)
software feature could use improvements