Video recording/editing

[BumblebeeCody]

For recording I use a Roxio Game Capture. I highly recommend buying this because it's incredibly cheap. It cost me around £80 (not too sure what that is exactly in Kronor). Not only that though, it but it comes with it's own editing software which is incredibly easy to use. You can upscale it to 720p. While not true 720p it still comes out pretty nice. Example of my video
This also lets you record PS3 and Wii if you have the cables which are really cheap.

Xsplit is pretty easy to use if you have the basic version because you don't have much to worry about (less features available to you). Basically by adding my game capture card you can stream directly to it and then to the Internet(Justin/Twitch etc). I have a decent amount of knowledge of Xsplit if you need it. You can record to a local drive with this too by the way without going live.
Xsplit > Broadcast > Local recording.

Tried Hypercam?