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[ame="
https://www.amazon.com/Pinnacle-Systems-82301006461-Dazzle-Creator/dp/B001C5DOWI"]Amazon.com: Dazzle Video Creator Plus: Software[/ame]
$79
Dazzle Plus is great and well worth the $60-$80. (Have had mine now for almost a year and it still works great!)
You will need a minimum 1 of these. (If you would like to be able to play off your tv while you record. If not it will record and play only through computer.) If you want to record sound as well you will need 2 of the splitters.
[ame=
https://www.amazon.com/RiteAV-RCA-Splitter-Male-Female/dp/B000V1JUJU/ref=pd_sim_dbs_sw_1]Amazon.com: RiteAV RCA Splitter Male to Female: Electronics[/ame]
$0.69 *Prices can vary depending on quality of the splitter. *(This is literally the cheapest you can find any where)*
Here is an example of quality...
[ame="
https://www.youtube.com/watch?v=s8OQQB5hnG0"]YouTube- Call of Duty: Modern Warfare 2 PP2000[/ame]