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I'll chime in with a third option.
I bought a Hauppauge WinTV PCI card. The software is ok, the quality is alright. The capture software was crap so I went with another package.
My card requires looping a small audio cord from a jack on the TV card to the audio input on my soundcard. Not a big problem, but if you're using your audio in jack you'll have to get a splitter or something.
I think the best option would be for you to get an ATI All-in-Wonder card, I've heard nothing but good about those and your MX is pretty dated.
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