Frys has the Hauppauge 01445 HD PVR Gaming Edition Video Recorder for $153 with free in-store pickup or $10 shipping to home. Records 720p/1080i resolution videos of your gaming feats and features composite video port, USB port, and S/PDIF port.
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I just got one a few weeks back and recorded my first show last night off of HBO.
The quality is amazing and the scheduler app and infrared beam makes recording easy cause it changes the channel by itself and starts recording automatically.
Really shocked my first video turned out with 0 problems and is 1080i.
Does frapts steall too much of your processing power that you need an external recorder for gaming? or does this have other neat tricks?