What I think I'm looking for is some kind of Virtual VTR solution.
I just got a AJA Io and I have a Kona3 system. What I want to do is downconvert DVCProHD 1080i 29.97 timelime on the K3 system to DVCPro50 to my laptop through the Io. This way I hardware downconvert instead of using Compressor. Thinking I gain speed and quality. I know I can do this with a capture now but it would be great is the laptop acted as a deck and I could do Edit to Tape. This is not a must have thing but I think it would be nice if there is something out there that is reasonably priced.