Funny you posted this, I got tossed a tape today at work that was filmed on who knows what in Europe somewhere and some old Sony VXs and PDs will play the footage (looks like it's widescreen SD or 4:3 LB) and I can hook it up the computer and control it via firewire, but the computer refuses to display an image or capture it. I tried it in a Canon HD cam and it gave me some error message similar to that.
So does NTSC always work over in Europe? I'm very unclear on this, but there are a lot of times I have to make PAL copies at work for clients family overseas and I have to go through the hassle of making a PAL version.
don't know about europe nowadays, but here in aus i don't have any problems playing / editing / transferring ntsc at all on most of my consumer / prosumer equipment
@kk - always liked the old definitions:
ntsc - never twice the same colour
secam - something essentially contrary (to the) american method