Hi emcol,
You do indeed need a capture card. There's a lot on the market atm. But I can tell you that I've had success with the ATI All-In-Wonder AGP 128 with 32M ram.
Software;
Videowave is a good start for novices and intermediate. I would suggest trying to capture in mpeg-1 for standard cd-r's.
iFilmEdit is great for editing mpeg-1 files. They've got a trial version on their web site but it has a 5 min. time limit so try & get a registered version.
WinOnCD & Nero both support the creation of Video-CD's which can then be played on a standard DVD player or in your PC. DON'T use Easy CD creator as there have been reports of bugs with vcd burning.
VCD PC Player;
try PowerVCD. quite cheap if you can get it.
web sites:
www.ati.com
www.ulead.com
www.cinax.com/Products/ifilmedit.html
www.cequadrat.com
www.ahead.de
www.gocyberlink.com/english/download/trial/vpp.asp
Hope this helps some.
TTFN,
SamR