How do you capture video of your PS3 gameplay?

I'm not certain whether Sony activates HDCP on their HDMI during gameplay. There are HDMI capture cards, but HDCP would throw a brick in your ability to capture HDMI. A much more sure way to capture HD would be to use a component cable and a Hauppauge HDPVR hooked to your PC.

You know, the way I used to do it was to output the video through a DVD recorder with a HDD and then record the session, and then transfer the recording to my laptop to further edit or just upload. If you already have a DVD recorder or similar device, this seems to be the simplest thing I can think of.