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I bought this hoping to use it not only for TV but also for playing my Xbox 360 through my laptop. While it does theoretically work, the connection is so slow and choppy it is not playable. The TV aspect works ok.. it lags a little also. And it doesnt matter what type of PC you have, it's going to be slow. I know this b/c my laptop is state-of-the-art ultra fast gaming rig and yes it did have usb 2.0. Still very slow and choppy on the video.
What's great about it: TV works ok...
What's not so great: Not a great solution for video-in, in general