I'll be using an X800 XT All in Wonder for the video capture. I did a couple test videos and it's alright, nothing exceptional, but hopefully it will do.
Went by Radio Shack and got all the necessary cables today. I had to split all the connections from the console to go to both my computer and my receiver. It's a pretty big mess now, but this way I can play the games on the tele without the lag caused by the video record on the comp.
I'll be throwing up some footage of Earth Defense Force on the next Nerd Alert and you'll all have to let me know what you think.