If you are looking to record footage on the cheap, this is precisely the kit. If you don't read up on it, you will likely complain about the 480p recording limit, but to record any better costs much more. I got this for recording N64, Gamecube, PS1 and PS2, and for those consoles (which can't do HD graphics anyway), it comes out a treat. For those used to console-to-tv cables, you basically get the full Composite quality image (which is what it records through, so to be expected).The hardware is small and light and the attached software is great and easy to use.
The drivers were a bit tricky to install (I had an issue with the sound driver on Windows 7 at first), but the admin on the forums has already answered almost any query you could think of and seems to be very responsive to questions. Even looking up this issue, I got it running in about 20 mins of opening it, and managed to get a nice quality video of Pokemon Stadium 2's intro up on youtube in no time! ([...] -if you want to appraise the quality)
If I have complaints it would be that the hardware is a little cheap looking, and could prove to be delicate. Also, the manual isn't amazing, and I can see how it could lead to confusion. That said however, the tech. support for this device is excellent, so I reckon anyone with an issue would be sorted quite quickly.
Overall, this is fantastic value for money. I can't imagine a better entry-level device for video game capture of any sort, and it is particularly suitable for recording older consoles. If I have any issues with the ezcap Gamers 116 performance in the long term, I will update this review, but for now: 5/5!