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How is the Neuros MPEG-4 Recorder different from products like the Dazzle Digital Video Creator and the Plextor ConvertX?

The Dazzle Digital Video Creator is USB video capture device intended primarily for encoding camcorder video into a DVD compatible format. Serving as a bridge between video source and PC, it has no onboard memory. The Plextor ConvertX is another USB video capture device that is used to encode video from TVs, DVD players, and VCRs into a DVD compatible format or a compressed format like DivX. Like the Dazzle Digital Video Creator, it has no onboard memory and must be used with a PC at all times.