It's all good, getting a new one soon enough. Do you recommend the Elgato if I get a new computer?

Well when I think of all the points:

HDMI or Component --- Beautiful Quality
Smooth software --- Easy to understand / use
Portable / Small size
All those devices it can hook up to : Gamecube, Wii, Wii U, Xbox 360, PS3, Ipad 2...Others?*
Live commentary built in --- Have a headset / Mic hooked up to your PC)
Twitch TV streaming built in.

— With all of this makes a done deal for me! I'm saving for one

I been hearing great reviews from people all over the net. Seems to be worth the money.

EDIT:
Just make sure the new computer you want can handle the Elgato, print out or write down the specs to take with you when you go computer hunting!

I would recommends the Hauppauge HDPVR 2 due to the capture quality and their on going support of new updates ands features. The following video shows how to simple it is to setup
http://www.youtube.com/watch?v=IyxWIdGnlNc&sns=em