I have actually been seriously considering the Elgato Game Capture HD. It has really good reviews and has pretty much all the features I care about. Pretty much it's down to either that or one of the Blackmagic devices, since much of the gaming community swears by (and at) Blackmagic.

mastrbiggy brought an Elgato to New York Comic-Con, and Tashi, Bravo and I recorded a few hours of gameplay footage from a private Halo 4 event with it. It was astoundingly easy to set up and use (it did have a couple of odd quirks, but nothing we couldn't work around), and the output was actually quite good. In terms of a "I want something I can just plug in and record with" device... it's first tier.

The more gaming focused ones often have lossy compressors built in - lightening the load on your machine proper. But if you're looking for maximum quality, those are unlikely to be right for you.

I have a Blackmagic Intensity Pro which is a few years old now. Main advantage is the quality and the pass-through which keeps it a little tidier. I have a quad core i5 so live transcoding to a decent looking 720p30 stream is fine. My main problem is upload speed however :(

1080p60 is the only way to get 1080p from your console, since that's what it sends the TV when in 1080p. It's either that or interlaced, which is not so good for computer monitors.

Sure, but my understanding was that when they capture at lower frame rates all they're doing is discarding the alternate frames? Is that not the case?

Nope. Try capturing 720p30 from your xbox when it's set to 720p60. It will go horribly out of sync.

1080p60 is the only way to get 1080p from your console, since that's what it sends the TV when in 1080p. It's either that or interlaced, which is not so good for computer monitors.

Sure, but my understanding was that when they capture at lower frame rates all they're doing is discarding the alternate frames? Is that not the case?

I'm pretty sure it'll be very limited in length.

Yeah, I wouldn't expect 60 FPS to be anything like universal; both Sony and MS said much the same thing last gen too...

It's a shame, I'm sure these features are great in certain cases (something amazing happens in single-player, you pause and share your video), but I believe they'll be found lacking for longer multiplayer games where a lot of great moments will get lost.

Bungie Pro completely changed theatre for me and greatly enhanced my involvement in the community even amongst my non-diehard friends. I may have to pick up a capturing solution if the platform or Bungie doesn't provide a solution for sharing my Fireteam's adventures.

Bungie games need to be shared.

15 min for PS4, 5 for XB1.

Are you intending to publish content at 60FPS? Because if not, I'm not sure why it would matter. Sure, a few people (notably Eurogamer) do occasionally release video at 60FPS to demonstrate how games that support it look, but they tend to be few and far between because — surprise — most games don't actually do 60 FPS.

1080p60 is the only way to get 1080p from your console, since that's what it sends the TV when in 1080p. It's either that or interlaced, which is not so good for computer monitors.

Basically last 5 minutes are available on One and last 15 on PS4.

I'm pretty sure it'll be very limited in length.

Yeah I think you are probably right, but until they say for sure I think I'm going to hold off on dropping ~$150. Especially since I also realized the One and PS4 have no output but HDMI meaning they will most likely both have HDCP on all the time.