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RE: Video Capture Card???
You're correct, they are video capture cards. You can also look for Video capture/TV tuner cards, which allows you to receive a tv signal. Most cards will come with software (which is usually very basic - ie crap).
Your TV isn't important as you will capture straight from the Xbox (Preferrably S-video) - I'm pretty sure you can have your TV and computer hooked up at the same time.
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