Kudos for Kino
Kino is a video editor that allows you to produce your own video masterpieces using only free and open source software. With it, you can capture and edit clips from your video camera, add titles, insert still images, create transitions between scenes, and output the result in a number of formats. Best of all, it's easy to learn to use.
Kino supports only FireWire (IEEE-1394) for capturing video from your camera. No FireWire, no capture -- USB is not an alternative. USB is supported only to control external devices like jog and shuttle wheels that you may want to use for editing and playback.
Because Kino uses dvgrab to capture video, you'll either need to run it as root, tweak permissions for the 1394 device, or add your user to the video group.