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Two recording gadgets will they do the same thing? Advice please.

I bought a gadget from Currys
ION Video 2 PC Digital Video Converter for £9.97

to convert camcorder tapes to dvd. I am hoping to plug the camcorder into the device and capture the video on my laptop.

However, last night I found a HAUPPAUGE HD PVR 1228 for £39.97 in Currys and bought it for my son for Christmas so that he can record his PS3 game play.

My questions are...
Would the PVR convert camcorder tapes to dvd?
Does the PVR represent good value for money?
Are there any draw backs to either gadget?

tia

dx

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