Sounds good.
Just as a re-cap, I think you'll do well to get
- a VCR or two, one from the JVC series, and then an AG-1980P
- a TBC (if your capture card has any "copy protection" type issues)
- some audio software, specifically Goldwave
- some freeware tools, like VirtualDub and Audacity
That will expend the current budget until later.
Future upgrades can include a proc amp, an audio board, maybe a detailer. A DVD recorder might even come in handy for some fully off-computer work.
If and when you need anything else, I'll be here. Glad to help.