Answer
This question was answered on December 27, 2004.
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Technology for video on VGA monitor
There has been lots of question how to do the conversion in another way: using you VGA monitor as TV. Unfortuntely there is no easy way to do it and there are no circuits in the web I know how to do that. The reason that theare are no circuit projects on the web is that an NTSC->VGA line doubler is a non-trivial project unless you are an experienced digital/ analog designer - even with the new generation of chips on the market.
I have collected here some information on this topic because this conversion stuff is so often asked in newsgroups and I have been interrested in the topic. First read my How video is shown on computer monitor technical document and check the following links for more information:
Intelligent Video Scaling - one Alternative to Line Doubling & Line Quadrupling, article includes also introduction to video conversion
Products for viewing TV picture on VGA monitor - how to view NTSC and PAL video signal in VGA monitor without using computer TV card
Ruel's PC-TV Net Page - information about computer and TV integration products
Scanline doublers - one way to show video on VGA monitor