I would also like to know if this works on a Mac. In general, I am finding that it is possible to buy electronic items on Amazon that are completely incompatible with OSX and no where do you even see that mentioned. A simple "System Requirement" category would suffice.
I have it, I bought it because I remember reading something about it working with a mac but i tried it today and it doesn't work and i have a new macbook pro. i tried to copy an old vhs tape and the mac didn't recognize it and either did imovie or roxio.
I have the iMac and went ahead and bought Windows 7 to do work stuff on it through Bootcamp. Then, just recently bought the VC500 - downloaded it on the Windows 7 side and was able to connect my camcorder to the VC500 which was connected to my Mac and recorded it on Windows 7. Makes sense?
In a nutshell, buying a full version of Windows and installing on my Mac was the best thing I could ever do. It's the best of both worlds - really.