For those of you who feel saddened because your glorious video game achievements and heroic epic fails seem doomed to live forever in the obscurity of your memory then you'll want to pay attention to Elgato's Game Capture HD. I had the pleasure of speaking with Tim BÃth, Elgato Systems brand manager, at ShowStoppers! during E3 this year and we got a live demo of the hardware and software in action.

The way that the Game Capture HD works is pretty simple. You have an Xbox 360 and/or a PS3, TV and a Mac or PC. The Game Capture HD hardware had an HDMI pass-through that catches the feed from your console and sends it to your computer via USB 2.0 in 480i/p, 756p, 720p, and 1080i outputs without losing a single frame. So you've got a couple options even if somehow you don't have an HDTV to go with your HD game console. Elgato Systems also has their own software that makes it easy to work with your footage. Check out more after the break and get a first-hand look.

Their software makes it easy to record with features like Flashback Recording which lets you rewind your footage and go back in time to start recording from that point. Their visual editor makes it easy to remove, move and trim your footage so that you can focus on the best of it and easily post to YouTube all from the same place. In case your familiar with other video editing programs like Sony Vegas or Premiere, no worries, you can output your video as an MP4 to use with them as well. That not bad at all for under $200.00, if you're interested, go pick one up from Elgato here.