There is absolutely nothing available and there never will be that will do this for you. Even if you were to employ someone to do the work, you'd still have to tell them which parts held meaning for you.

That being said, how to do you go about getting the job done. Here's how I did it. In 1999 I got an iMac with FireWire, iMovie 1 and Sony Digital 8 camera with analog inputs. I had about 25 hours of VHS tapes to go through. Basically I worked on it one tape at a time. I found like you did that most of what recorded was just waiting for good stuff to happen. So I fast forwarded through much of it, capturing interesting things as I went. I worked on this a little bit each day for about 2 weeks. The process of capturing all that stuff was actually more fun than I expected. Many of those tapes I hadn't ever watched so it was a lot of fun to see what was on them. Also, as I found more and more great things I though of how much my family was going to love this stuff. At the end of the two weeks I had a really good idea of what material I had to work with and during the capture process I came up with lots of ideas about how to put things together.
Then I just started grouping things together - by theme - by event - by holiday - whatever. I ended up creating 45 minutes of short videos out of all of that footage. It was a lot of work but totally worth it. Now those videos will actually get watched. This year I posted one of the clips on my vlog as a Christmas present to my family. Check it out: http://michaelverdi.com/index.php/2005/12/25/christmas-92-98/

Good Luck,
Verdi


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