http://youtube.com/watch?v=fAdZN4irr7w

A video guide I made earlier today. Hope it helps someone out there!

That's a great video for folks who want to capture non-HD content. Frankly I'd be far too lazy to change my PS3 from HDMI 1080p to 480i composite output every time though. Might work well for Wii recordings though.

I was thinking of picking up a camcorder and doing it off-screen style, I could set up a stationary stand perhaps and adjust lighting conditions.

If you get a capture card that takes component video, you can easily record HD video with the standard cable. If you want to record PC games you can use FRAPS.

good tv-card should be great if pc not strong enough for fraps

This is a guide how to record your console games, not PC games. But a capture card works well, I just found this way has alot more options than just recording games and it's the one I chose to use. Up to you, this is just a guide on how I did it.

fraps for games & screen vidshot for newbies

Can anyone confirm whether Camtasia works for capturing games? I have a copy of it I use for doing guides, FAQs, walkthroughs, and other stuff but I've never tried it with games and I currently don't have any games installed on the same PC to test with.

I'd imagine it would work, but I know some games try to do direct video access without going through the Win32 GDI, so if Camtasia works on the GDI level it might be a different story.

As for capturing console games, been there, done that, had fun, bought the commemorative shotglass. I'm working on making a tribute music video to "Digital Devil Saga."