If you use component (or RCA) it is not encrypted as you can't encrypt an analog signal.
You can then get a component (or RCA) capture card (about $20-$40). Then you'll need to input the sound into your microphone input (using a 3.5mm convertor). Then you can use the capture card as your video input and the mic for sound and record it using any webcam recorder or external camera recorder.
There's something called "USB2.0 Video Audio AV DV TV VHS DVD Capture Adapter" on amazon that sells for 8 dollars. It's RCA (so no hd) but it'll get the job done.
You won't be able to preprogram what you want to record and you must change the channel manually. Which you'll need a something like a Hauppauge HD PVR.
Last edited by LeafsFan91; 2012-02-26 at 03:08 AM.
Reason: More info