For free? not that I know of but you can use any one of the Dazzle
Digital Video Creators. You can get a video capture card too, but they are usually a lot more expensive. I paid less than $200 for the DVC that I have. I love mine! I'm not sure what your capable of paying but this is the least expensive way that I know of. Do a search for "Dazzle" on www.bestbuy.com
to see what they are going for now because I bought mine almost 2 years ago.
With this I can:
1. have a vcr conected to a Dazzle Digital Video Creator which is connected by usb to my computer
2. Use Dazzle's software to digitize and edit movie
3. then export for the web (I usually export it as mpg or rm)
Hope some of this info is helpful.