If you want to write your old VHS tapes directly to a Blu-ray disc, here's the solution: the BD-HDV22 "AQUOS Blu-ray" model from Sharp.

The BD-HDV22 features a Blu-Ray player-burner, 250GB of HDD and a VHS tape player recorder, while with the world's fastest from the standby power use (0.8 seconds), you can also record and play back your hard disk (from a startup mode).
An alternative model (without the VHS player-recorder) is the BD-HD22 model which has the same specifications with the BD-HDV22 one.

Both devices come with a 250GB hard disk installed and ground/analogue tuners. They are able to record broadcastings at MPEG-4 AVC/H.264 format, at 12Mbps, 8Mbps and 4.8Mbps. Japanese "Dubbing 10" function as well as recording on BD-R/RE, DVD-R/RW and DVD-R DL media is also included in the specifications of the devices. Note that broadcasted video cannot be directly recorded on optical disc. The recorders output include HD video through HDMI (1080/24p), Dolby TrueHD and DTS-HD Master Audio (bit-stream). The devices will be released in Japan in October (BD) and November (with VHS). Estimated retail prices are 120,000 Yen ($1160, BD-HD22) and 160,000 Yen ($1544, BD-HDV22).

Specifications

Hard Drive Capacity
250GB

Recordable media
BD-RE Ver2.1 (1 layer / 2-layer) - BD-R Ver1.1/1.2/LTH (1 layer / double layer) - DVD-RW/-R (CPRM support) - DVD-R DL (CPRM) - VHS (HDV22 only)

Playable Media
BD-RE Ver2.1 (1 layer / 2-layer) - BD-R Ver1.1/1.2/LTH (1 layer / 2-layer) - DVD-RW/-R, DVD video - Music CD - CD-RW/-R (music CD format) - DVD-RAM - DVD + RW / + R (already finalized) - VHS (HDV22 only)

Record compression format (HDD - BD-RE /-R)
Video: MPEG2 - MPEG-4 AVC/H.264
Audio: MPEG2 AAC - MPEG1-L2

Record compression format (DVD-RW /-R)
Video: MPEG2
Audio: Dolby Digital (2ch), Linear PCM (2ch)

Hard disk recording time
H.264 long Recording: 110 hours
Digital Terrestrial Broadcasting HD recording (DR): 31 hours
BS digital broadcasts HD recording (DR): 22 hours
TV-quality standard: SXP - 36 hours, XP - 48 hours, SP - 87 hours, LP - 174 hours, EP - 326 hours, MN01 - 348 hours

BD recording time (25GB)
H.264 long Recording: 10 hours 50 minutes
Terrestrial digital broadcast HD recording (DR): 3 hours
BS digital broadcasting in HD recording (DR): 2 hours 10 minutes
SD digital TV recording (DR): 4 hours 20 minutes

DVD recording time (4.7GB)
VR format: 1 to 8 hours (XP, SP, LP, EP, MN01)

VHS tape recording time at T-120 tape (HDV22 only)
SP (standard): 2 hours, EP (3 times): 6 hours

Dubbing direction
BD-HD22: Hard disk to BD / DVD
BD-HDV22: Hard disk to BD / DVD, VHS - VHS to hard drive, BD / DVD

High-speed dubbing (HDTV)
Hard disk to BD: 20 max speed

Video DAC
12bit / 148.5MHz

Inputs
Video - S Video - Audio - Antennas: Analogue terrestrial digital terrestrial, BS 110 degree CS digital

Outputs
Video - S Video - D images (D1/D2/D3) - HDMI (1) - Audio - Digital audio - Antennas: Analogue terrestrial digital terrestrial, BS 110 degree CS digital

Inputs-outputs
i.LINK (TS) - Telephone line: 1 line (modem communication speed: 56kbps)

Weight
BD-HD22: 4.8kg - BD-HDV22: 6.6kg

Dimensions (WxHxD)
BD-HD22: 430 x 336 x 68mm - BD-HDV22: 430 x 343 x 95mm