Finally ordered the JVC TMH-1500CGU so highly recommended by video sages on this board. Along with the Grass Valley ADVC-110 I'm hoping I'll be all set.

Then it occurs to me: nothing is ever as simple as I imagine it is going to be.

So, in a pre-emptive strike, I am reaching out in advance.

What kind of setup is involved? I understand how the connections work - firewire from PC to converter then RCA connectors from converter out to monitor. At least that's what I think it is.

No I'm asking about after it's hooked up. Will this arrangement work properly out of the box, or does anything likely need adjusted so that I can see accurate colors?

Thanks in advance for any assistance.

I have the same setup as you. You will more than likely need to calibrate the monitor using color bars. Here are some links I used as a guide to set mine up:

http://www.videomaker.com/article/12968/2/
http://www.videouniversity.com/tvbars2.htm

Thanks much for the links, Andrew, that was most neighborly of you!