I have the Radeon 8500DV; I admit it, I bought it because at the time (last month) there was no Geforce 4 Ti 4600 with the input options the AIW offers (there still isn't, right?). I have a (sob!) score of ~6400 in 3DMark 2001SE, so if you wanted to play games, forget about those max. settings.
The experience with this card (I wanted to replace my aging VCR movies) is a varied one. It reminds me of the time when I bought the SB Live! Platinum 5.1. I started recording with the bundled software, then bought two more programs because I wanted to trim and adjust a little bit more, and currently I own Cubase VST. The Radeon will do the job of capturing -you have to get the card running first- but soon you'll be wanting to have more editing capabilities than Ulead's studio.
Hope this helps.
BTW, the new Radeon AIW runs at 275Mhz. While not great for games, it will certainly bring you up to speed (I have to put up with 230Mhz)