An Intensity Pro HD Capture Card
Quality = AWESOME! http://www.youtube.com/watch?v=9bSJjc6w1Oo
And will be getting some time soon some Turtle Beach X41s - 7.1 surround sound 360 headset!
Haha, I was thinking about picking one up soon, I've been looking to get one for over a year now, just been putting it off each time (was supposed to get it in the fall but bought the new computer instead). Wise choice and have fun with it!