You can do one of two things to record yourself playing.
1) DVD recorder: just record like the old VHS says :D
2) This is how I have set myself up. You need the VGA splitter from Radio Shack ($50) this will take your input from the XBOX 360 and split it between your TV and your PC. In your PC you will need a TV card that accepts VGA. (I picked up an ATI card that came with an S-Video adaptor for accepting VGA ($50.) Then all you need is the extra cables which you can also pick up at radio shack.
Roughly $120 will get you set up. Some would say that you could just pick up a dvd recorder for that much and then put the DVD in the computer for editing. Personally, I find my method faster since it goes straight to my hard drive and I don't have to worry about the added cost of dvds. If this has been helpful please track me. I try to frequently add new videos.
I use a usb capture device, paid 15.00 quid for it from here: Video capture device came across these on you tube, just do a search for easycap on you tube, you will find loads of videos of people doing this. You may need to get a splitter though, so you can run it to your tv at the same time as some people get lag on the pc.
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