Sorry for the late reply…was busy at work.
Basically yes, the Xbox 360 outputs 1080p @ 60fps so it’s not compatible with the Shuttle at that resolution yet. I capture via HDMI using Motion Jpeg (I can do uncompressed but feel that it’s unneccessary) and 720p 59.940 fps. 720p would be better for gaming over 1080i because of interlacing and mainly screen lag.
There’s no other special equipment I use so it’s simple plug n play.