Yes, there are several alternative programs available now for digitizing VHS tapes. Some popular options include Roxio Easy VHS to DVD, Elgato Video Capture, and Diamond VC500. These programs offer similar functionality to Honestech VHS to DVD Deluxe and may have additional features or improvements. As for long-term storage, while DVDs can be an option, RAID1 hard disks or cloud storage solutions are generally recommended for more reliable and flexible storage of video files.