So you have all these cool PS2 games but you have no hardware that supports a composite cable anymore, do you? No, all you have is HDMI, DVI and maybe VGA. Well there's a reasonable solution to all this!
I got something called EasyCap, which is a capturing device that goes into the a USB2 port. On the installation disk is drivers and Ulead Visual Studio. The serial code is printed on the CD.
Here's how it looks: (the black cable is a S-Video cable)
The only drawback with this cheap device is that the sound capture chip only does 8Khz mono. So what i did was attach a female-to-two-male cable from the PlayStation into my stereo. Here's my Visio skillz for the schematics:
BAM, you get good sound. They look like this: (Obviously they probably need to be longer!)
So far I have not been able to get a widescreen live capture going on in Ulead Visual Studio, but it might be some configuration thing somewhere (The program asks you on startup if you want 16:9). Maybe it is EasyCap that can't do 16:9.
Anyway, the 4:3 picture I got on the 27" 1920x1080 from the humble PS2 was at least very impressive.