Hauppauge HD PVR
You must login or register to view this content. around $200 You will need component cables from your system and component to the TV.
Dazzle
You must login or register to view this content. you will need composite a/v cables, and splitters. Dazzle does not support HD.
[ame=
https://www.youtube.com/watch?v=R2VuhC4BHoM]YouTube - Dazzle Capture Card Setup[/ame]
Not my video!
Don' let the video fool you if you are using it for PS3 its the same idea.
The splitters are available at any lectronics store for about $5
As far as editing software, everyone swears by Sony Vegas. If you buy it you will spend around $600 but you can find some pirated versions so I have heard. I use Pinnacle studio14 HD. Was about $60