Be sure you realize you must get a RECORDER. A plain combo won't work.
And as the others said, the Radeon only has TV-Out. If you want to capture using your computer, you do need some form of capture card. Though in the end a DVD-Recorder is very nice. I typically record things on DVD-RW's then rip the DVD, clip the ends, then re-burn it to a DVD-R. With the right software you could also add titles or whatever.
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Desktop * Athlon X2 4200 | 2G RAM | 160G HD | 7600GT
Laptop1 * C2D T5550 | 3G RAM | 120G HD | Intel x3100
Laptop2 * C2D T5250 | 2G RAM | 160G HD | Intel x3100
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