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Capture cards are extremely sensitive to time base errors whereas a television can compensate. If I were in your shoes I would check craigslist or some thrift stores for a digital-8 camcorder that has a firewire output. Digital 8 cameras can play back analog video8 tapes and will put out a stable digital datastream which you can capture with a firewire card on your PC. If this isn't an option, I would look into buying a time base corrector off ebay and run your Olympus analog camera through that then into your Hauppauge capture card.
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