It actually lets you record while playin in HD. I dont think the quality is quite HD of the output video. But for 100 its not much more than a dazzle would cost. and its HALF the price of a PVR. ANd it comes with its own editing software.
I think I will buy this shortly. Upgrade my dazzle a tiny bit.
Heres a vid of Black Ops captured with this:
And remember they didnt have Vegas for editing and such. So I BET you can get the quality even higher.
What are your thoughts?