Ok so i had be in two minds about getting this after seeing some of the reviews left about it but i took the risk and it has definatly paid off! Very easy to set up comes with all the leads appart from one, you need to buy the HD component cable. After pluging it in and installing the softwear i turned it on only to find the recording screen flickering realy bad but a quick fiddle in the options/setting and cchanging the tv standard to NTSC_M or PAL_M it was fine.
Have been recording in 720p (Although not the best looking 720p) and iploading things to youtube easily, all my videos so far are here if you want to see the quality - youtubecom/S1minIIuk, but considering a HD PVR is about 150 quid and Roxio is about 50-60 quid its very good for the money i mean an extra 80 quid just for a bit more quality for a HD PVR, not realy worth it.
There is a little decrease in quality on the tv when your playing through the component cable but its hardly anything and when recording the file size of the video is pretty small i recorded dead island lastnight for 3 and a half hours and the file size came to 4.3GB and a 20min game of fifa came to 540MB.
The video editor is quite good, its nothing amazing but good enough for cuting and adding music or comentary and it doesnt freeze like others i have tried
Overall this is a good capture card, dont expect flawless quality but you can expect it to be good for the money.