F1 2011 Recording equipment for consoles

F1 2011 The Game (Codemasters)
Hey drivers/moviemakers
Stumbled upon a question earlyer. Was watching some F1 2011 vids during which i realized that more then a few were recorded "live" while gaming, no digital cams, cellphones and such. So, naturally i thought: "Another advantage of PC version" (for guys that fancy to rec their laps). Untill i saw same thing but on PS3, his/hers friend logged in, that´s how i know it´s PS3 console. So here a my Qs regarding consoles and this type of equipment:

1. What kind of equipment is required for this?
2. How does it work?
3. Don´t remember now, but does it record in HD (720p or 1080p)?
4. Most important, can i still play on my 46" TV? (I´m guessing "yes")

Prices and purchase locations wont be a problem once i have the answers on above Qs.

Thank you very much in advance fellas
 

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