First of all, if you're shooting either normal (4x3) DV or 'widescreen' DV, you'll have to select the appropriate format when you start a New Project. (..See items 6 and 7, and the accompanying pics, in
my post here..)
So when you slide the little onscreen selector from the "scissors" icon to the "camcorder" icon, and then click on the camcorder icon itself to choose the name of your mixer it may show "DV-VCR" or some other device name, as it's unlikely to know the exact name of your mixer. If no name is showing, and the iMovie screen says "No Camera Connected", just quit from iMovie and then restart iMovie.
You should then see the live feed, and then just click on 'Import'.
Alternatively, instead of importing with iMovie, you might try downloading and using
BTV. You can then edit that captured material with iMovie.
[..P.S: I don't think BTV, or BTV Pro, is a "universal" application, so it should work OK with your PowerPC Mac(s), but maybe not with an Intel-based Mac..]