“Can this version of Peninacle capture mini dvm cassette from camcorder CanonGL2 unto laptop Also can I use this to record directly from camcorder while shooting?”
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I would assume that any device with the ability to output via s-video/RCA audio or RCA Audio/video cable could send output through the device to an appropriate computer. I was able to output from a Hi8 camcorder with no problems. The Sony camcorder we have has a cable that has RCA audio/video connectors, just like you'd use in the "old days" to plug into your TV. I would also think that you could record directly from the camera while filming/shooting but I haven't tried that yet. Hope that helps.
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