Once a video is in digital form, rarely will analog-domain corrections help to improve it. In most cases, you're better off filtering it purely in software.
Filtering and improving your video with VirtualDub, for example:
http://www.digitalfaq.com/forum/show...-pre-1727.html
Exporting video from analog back to digital, filtering in the analog domain, and then re-capturing / re-encoding the video, will probably result in minimal enhancements, if any.
It's more likely that quality will be worse, at least in several ways (blocks, noise).