How to capture/record video from HDMI (record game play from XBox 360, PS3 to PC)

I need to record videos from game consoles (PS3, XBox 360) using HDMI output.

Does NVidia, ATI or any other companies produce graphics cards or any other hardware that can do that?

Hava offers hardware that allows you to connect any HD video source as well as record, pause, fast forward, rewind live TV on your PC
HAVA Platinum HD TV Device
Will it be able to record HDMI streams, which includes the PS3, Xbox 360?

Gefen High-Definition Personal Video Recorder has HDMI input and seems and can potentially record from PS3 and Xbox 360, but it costs $999

But the device will not allow an HDCP encrypted source to be recorded. So this device will only record YPbPr and non-HDCP HDMI signals (and composite/S-video signals).
Besides Gefen anounced that future hard drives will be encrypted, to prevent users from accessing it with a PC!

Is HDMI signal from PS3 and Xbox 360 protected thus impossible to record? Am I only limited to component cables if I want to record high definition signals?