There aren't very many videos on the Mygica box that I posted, and there's little information but this video shows that it does exactly what you want. Also, I've noticed a few HD recording tests too, so you should be able to do that too - should you ever want to do so.
Anyway, this video shows a pretty complex setup, but around 4:30-5mins ish you see him switching sources with the remote that comes included. It may be good to watch it all, so you get a bit of an idea of all the different uses it has (after watching this, I think I want to get one too).
However; I have noticed one downside and that is that you'll probably need external speakers. It may be alright if they're built into the monitor - I don't know.
Hope it helps.
Edit: I know this states that it's a different product, but it's identical to the previous one I posted. Here's a link in case you want to compare:
http://www.amazon.com/Mygica-SuperColor ... roduct_top
Edit 2: if you type in "SuperColor HD" into Amazon, it comes up with the Game Box that I previously posted, so I think it may just be a rebrand or possibly some aesthetic differences. For all intent and purposes it looks identical to me, but I've not spent that much time looking into the specifications; so I'd recommend you do so.
On a final note, if you do get this and get it all up and running, would you mind letting me know? I'm very curious, but I'm currently pretty strapped on cash so I'd like to be absolutely positive it's worth the investment beforehand.
Acid_Snake wrote:Alternately, you can buy a BC ps3 and enjoy ps2 games on HDMI (THEY LOOK AWESOME), or buy a PC powerful enough to emulate ps2 at decent framerate
What's the image quality, around 720p? I have an tube T.V that's like 6 years old or something
and the one in my bedroom I've had for 12 years so my TV's can't handle HD signals. I have emulated a few games at 720p though recently, and I've been shocked by how amazing they look and may even go so far as to consider a new TV if they run at 720p+ on HDMI.