If you are using the component inputs on your TV, you do not need the splitter for the yellow cable since it is not going into the tv. Just plug it right into the dazzle. You still have to keep the 360 cable switch set on SD, however.
Similarly, if you are using the optical cable for your sound, either to the TV or to a receiver/HTIB, then you can run the R/W from the 360 directly into the Dazzle, no splitter needed in this case either.
Also, if you can edit in a program that will handle MPEG, don't transcode to WMV. The more times you transcode, the worse the video will look so if you can edit in the captured format, your end-result will look better. Final Cut won't edit WMV anyway, unless you buy the Flip4Mac quicktime plugin.
Post your setups:
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