yes yes yes yes roles eyes yes
too many yes's
you do need to be carefull what version you get though, read the reviews on the official site and make sure you get the one that will work with 360 [set display to NTSC_433]
for win7 I was sure I needed extra drivers for the sound from the official site
Only tested xbox, xbox 360 and Dreamcast myself, quality is far from perfect by the way, um beter than what my vid shows though, very fine text is hard to read, mostly will just apply to high res consoles/games.