So you can use the following connections for recording HD videos from HDMI with HDCP sources:

[HDMI with HDCP Source] -> (HDMI cable) -> [HDFury2] -> (Component Cables) -> [Blackmagic Intensity Pro]



Alternatively you can use Hauppage HD PVR which is connected to computer via USB 2.0 and has a built-in h.264 encoder:

[HDMI with HDCP Source] -> (HDMI cable) -> [HDFury2] -> (Component Cables) -> [Hauppage HD PVR] -> (USB) -> [PC]