I thought that only had HDMI input?
I'd buy a capture card with component/composite cables, that way you can also record newer games in HD if you want to.
My HD PVR 2 Gaming Edition has HDMI and Component input, not composite, but I think it could work with those too. Not sure, though.
Here's a few I've used:
Hauppauge HD PVR
This has both component and composite cable input. Short and chunky cables. Can record 360p-1080i
http://www.amazon.com/Hauppauge-121...d=1390981614&sr=8-3&keywords=hauppauge+hd+pvr
Hauppauge HD PVR 2 Gaming Edition
Has HDMI input, as well as component input. Can record up to 1080p.
http://www.amazon.com/Hauppauge-Edi...-1&keywords=hauppauge+hd+pvr+2+gaming+edition
Dazzle DVD Recorder
This is a DVD recorder, I had a Dazzle as my first capture card. The quality wasn't great, and Pinnacle isn't the best editing software. But I think it's cheaper?
http://www.amazon.com/Pinnacle-Syst...390981829&sr=8-4&keywords=dazzle+capture+card