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It's Ironic that the original tapes are probably the most dependable storage medium if stored under proper conditions, i.e. cool and dry.
The hardware will probably die before the tapes do.
Backup to a Hard Drive is probably the best long term solution but those too need to be backed up and replaced every so often themselves.
If the tapes are common material it would probably be cheaper to buy them on used DVD's (I think manufactured DVD's will last a very long time) than to spend time (lot's of it since tape has to be copied in real time) and money trying to back up a media that has mediocre picture quality to start with.
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