Record video game play in HD on your laptop or desktop PC
HD PVR 2 Gaming Edition records high definition video from a Sony® PlayStation®3 or Microsoft® Xbox® 360 onto your Windows laptop or desktop PC, in a high definition H.264 format.
Make video recordings of your best game play in HD. Upload your favorite games to YouTube and share them with other gamers online. Or make a high definition movie of your game play to share with your friends or use it to discuss tactics with your clan members!
You can also play your game play recordings back onto your PC screen or transfer them over your home network for playback on a PS3 or Xbox 360.

New!
Now with HDMI and Component Video in plus no-delay HDMI video passthrough!
HD PVR 2 now comes with HDMI in and out to make it easier to connect to your Xbox 360 and your HD TV set. For the PS3, HD PVR 2 comes with a PS3 Component Video gaming cable plus uses HDMI out for no-delay passthrough to your HD TV set!

Amazing audio and video quality
HD PVR 2 Gaming Edition records using amazing H.264 compression at HD resolutions up to 1080p30. And with our HDMI input, you get 5 channel audio quality from your Xbox 360 game console.

HD PVR 2’s H.264 recording format is used by Blu-ray disks and exceeds other compression standards in video quality, providing a crisp image with amazing digital sound. And H.264 uses 1/3 the disk space compared with the popular MPEG-2 format.

Watch recordings of your best game play on your PC monitor or HD TV set
Once your recordings are on your PC hard disk, you can play them back directly on your computer screen using the included ArcSoft ShowBiz application. You can also transfer the recordings over your home network to your PlayStation 3, Xbox 360, or other high definition media player with full 5.1 channel audio.

Play while you record with our no-delay HDMI video passthrough!
HD PVR 2 Gaming Edition comes with real-time video pass through, so you can watch your game play on your HD TV while recording your game on your PCs disk drive. Simply connect HD PVR 2 in between your game console and your HD TV set (HDMI in and out plus Component Video cables included).

Upload your best games to YouTube and share with your friends
HD PVR 2 Gaming Edition comes with a one click upload to YouTube. Make HD recordings of your game play and upload your best videos to YouTube. HD PVR 2 Gaming Edition records videos in HD using H.264, which is perfect for YouTube.

too bad PS3 can't record from HDMI looks like I'll still be looking @ getting the Elgato

Just announced is the new HD PVR 2 Gaming Edition. The main difference with this model is that it now supports HDMI input and output (PS3 owners will still need to use component from console to HD PVR, but can use HDMI output from the HD PVR to your HDTV). No word on price right now, but with the original gaming edition sells for $199 on Hauppauge's web store it should be slightly higher in price. Below are 2 screen shots and info. directly from Hauppauge's site.

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