I have been using FootTrack for some months now, and it just works perfect. It is very nice to have small versions of my whole movies/tapes in mini-format on my HD and they don't take much space. I hardly ever watch the full-size video's anymore anyway.
Browsing is easy like in iPhoto, and it supports smart-album alike tapes.
Very well thought application; only thing missing is compression while capturing (without having to import the full-sized movie).
Keep up the good work!