Help with Roxio HD Game Cap please!

[usually_quiet]

Does anybody think this would work? I already have a video converter with two vga slots that are already used, I got it about two years ago for another reason. If I get a HDMI male to VGA female adapter, or just a VGA splitter. Then I get a VGA Y-Splitter Cable, the VGA cable that usually has three cables. I plug it into the video adapter, then the other end to my monitor, then I plug my VGA to HDMI into the adapter and HDMI to PVR. Does anybody think that would work?

http://www.newegg.com/Product/Product.aspx?Item=9SIA1PU0KV5134
OR
http://www.newegg.com/Product/Product.aspx?Item=N82E16812200766

Which "video converter with two VGA slots that are already used"? If you can't provide a link to the device, nobody can give you a meaningful answer.

http://www.newegg.com/Product/Product.aspx?Item=9SIA1PU0KV5134&nm_mc=AFC-C8Junction&cm...dfdd3a3064cd14

The video adapter above only converts from HDMI to VGA. It won't work for converting from from VGA to HDMI.

This is the HDMI to VGA. Either one of these two.
http://www.newegg.com/Product/Product.aspx?Item=N82E16812705088
http://www.newegg.com/Product/Product.aspx?Item=N82E16882241187

No. Those cables don't convert analog (VGA) to digital (HDMI). They are just cables and don't contain any electronics. They could be for a specific device that sends or receives analog video and audio from a connector that appears to be for HDMI but isn't. The other explanation for their function is that they might be used to connect two HDMI devices in an auditorium or home theater that has existing cabling for older PCs and older analog video equipment.

Using cheap equipment to convert VGA to an HDMI signal won't give you the quality you want. Even the Atlona VGA to HDMI converter you linked to could be a disappointment. http://www.tigerdirect.com/applications/searchtools/item-details.asp?EdpNo=6793060&SRC...FYLd4AodTEcAGQ
You would need a VGA splitter and RCA stereo audio splitters to feed your monitor and the converter. Also, the Atlona converter would need something with a USB connection to power it.

Without an HDTV that has HDMI inputs you have to struggle to create a working setup that still might not give you the best result the capture device is capable of. Just wait until you have enough money to do things correctly. It isn't like you will miss the boat on this just by waiting a few months. Now I really am done giving advice to you.