Nope!
It depends on the input signal, not the software.
If you would capture pal with a NTSC Card .. trash would come out. Cause of the Tuner device on the card which provides the "signal" to the digitzer. And thats why they do offer two diff. Versions of that card.
I did look at the pinnacle spec. of that studio deluxe.
In NTSC Version of that hardware you only can capture NTSC and put out NTSC signals to a maybe std. Tv for previewing. But thats IMHO a joke as there are ClassA reference Scrrens for real previewing : money, money, money.
To me it seems too expensive for your Needs or do you also want to connect Firewire hardware like digi-DV cams ?