DV Studio2 is only for downloading digital still images from your camera.
The cable connects your camera "digital still picture output" to your computer serial port.
For Video you will require a firewire port on your PC and a DV Cable to interface your camera to your PC.
You will also need software to capture your video and do the editing. eg Ulead Video Studio, Windows Movie Maker, DV Studio (not the Panasonic version)plus many others.
Your PC will also need to be fairly well equiped. Pentium II running at 466MHz or better and a "large" hard disk 20Gig minimum - allow about 1 gig per minute of edited video with raw video also stored on the same disk.