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You might be buying a DEFECTIVE product
on August 5, 2011
The following forum explains why you might be getting ripped off on this purchase
To summarize it, there are two different computer chips in the EasyCAP.
One variety is known by the models numbers STK1150 or STK1150, built by a company called Syntek. These work with the appropriate drivers, which are a bit of a chore to track down, but apparently can be found.
The other variety identifies as "SM-USB 007" or "SMI Grabber DEV" when plugged in and installing drivers. This one does not appear to support audio capture, or does not have the drivers necessary. You must patch the red and white RCA coming out of the device you have your video tape in into a microphone jack. These adapters are available from more electronic boutiques, but the audio quality can suffer.
In the end, you may be advised to go with the EZCap instead, as it is the genuine product to which this is a knock-off.
TL;DR Some of these EasyCAPs are made with inferior parts and software and are nigh impossible to patch around. You're running a gamble this.