Best Video Archive Format?

This is my first post ever - I am using a MBPr 10.8.2. 
I am in the process of copying all our VHS, 8mmHS, and miniDV tapes to DVD using a VHS/DVD recorder that also allows you to hook up the cameras and record to the DVD.
After I do that, I copy the files (VIDEO_TS) to my computer and an EHD.  I have Steamclip and understand that I drag the VIDEO_TS folder to Steamclip.
That is where I have questions - What settings do I choose to get the best quality and long term access to that conversion?  These are precious (irreplaceable) videos of my wedding, my children as babies/children and footage of family members that are either now gone or won't be with us much longer.  I want to do everything I can to keep this footage safe, hight quality and accessable for many years.
What format meets those qualifications? 
Thanks a bunch,
Julie

I have no experience with the iGrabber so I can't comment one way or the other. The Amazon comments might be useful.
The EyeTV Hybrid is the one I have used.
Here is a link. http://www.elgato.com/elgato/na/mainmenu/products/EyeTV-Hybrid-10/product1.en.ht ml
It is a little more expensive because it allows your Mac to receive TV signals through a rabbit ears antenna as well. I think EyeTV makes a version without the TV capability just for video capture, but I have not had any personal experience with it.
Here is the video capture product.
http://www.elgato.com/elgato/na/mainmenu/products/Video-Capture/product1.en.html
Here is a sample of the quality I am getting through the EyeTV Hybrid.

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