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chuckd said:
It sounds like your pc needs an upgrade. I think that video card doesn't have an mpeg encoder on board, so it forces all of the processing onto your cpu.

Using your existing hardware/software, I'd suggest splitting the signal between your tv and pc. Play on the tv and then you'll have the video on your pc so you can edit it.

I don't think that's a video card/tuner card combo - it's just a tuner card.