thanks for the tip!
just checked it out and it doesnt look like it accepts HDMI inputs, and it said there is a slight delay which for gaming/bluray is unacceptable to me.... one of my biggest pet peeves is audio/vido sync issues.
hope someone comes out with a solution that is affordable asap!!
The Elgato EyeTV 250 Plus Digital TV Recorder is a bit of an upgraded version. It's $199.95 in the Apple store. Still does not have HDMI inputs, but at least you can still play some xBox.