AMV are brilliant but you'll have to set asdise a lot of time to get them done. I made two several years ago and they each took me about 5-6 days to complete.
They feature
Akira [10.5mb] and
Cyber City OEDO [58.6mb]
These were made on proper editing equipment, not a home computer so I can't advise hat's best to use at home. I used to use Adobe Premier but haven't in a while so I don't know if it's been superceeded by another programme.
When people are recommending that you use DVDs it's just easier and looks better. The vidz I made were from VHS, before the DVD editions came out so it was the best at the time, I know DVDs are easier to work with because you can simply rip the whole programme as a VOB track and use on on your timeline without having to que up your scenes on tape.
The copyrights are an issue, of course, because you're playing around with someone elses content. As long as you keep it hush-hush it's OK.
Actually it worked out pretty well for me, the music track I used for the Akira video- "Witness" by Dearly Beheaded, the lead singer got in touch with me and was impressed and wanted a copy ^__^
Getting Started: First thing is to decide which anime you want to pay homage to, in your case that's already settled

Secondly think of a theme for your video- a storyline or concept perhaps. A video that's just made of clips jumbled together can be boring and uninventive so gie it some thought, this will also effect which soundtrack you choose to combine the visuals with.
If you have a song in mind, that might have an impact on the clips you choose, images that echo the sentiment of the audio.
The next stage wold be to plan it out on paper. Don't get ahead of yourself and commit tons of clips to your hard disk yet, this in itself will take time and HD space so you dont want to be wasteful.
Writing stuff down will help you focus on the important shots to build your video around. Keep it tight and formulate a plan you will stick to.
Being the artistic person you are, drawing a storyboard can help too!
Organisation is the key. When you come to add video it would help to number the shots on your storyboard/timecode sheet and then rename the video clips you capture to correspond accordingly. If you have random video clps floting around you may have difficultly remembering what they were for and even where the are!
If you need any specific advice on certain aspects be sure to let me know, I'll help if I can
Best of luck with your new projects Shampers, keep us posted on your progress!
