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Just an idea, but if you have a laptop with HDMI OUTPUT then maybe you can run your PS3 through your laptop and record with Camstasia? I didnt test this, as my laptop doesnt have HDMI output, but if anyone can test, it please do and then post the results here. IF, this works, this will be great. Full HDMI for only the price of getting a HDMI cord (provided you already have a laptop)
The only downside is if you have a really small laptop, like a note book or netbook or whatever they are called. So, if you test it, please PM me a video of setup and Ill post it on my channel and pay you some vBux for distribution rights.