Coolermaster HAF 922 Case
ASRock Z68 pro3 MB
i5 2400k with a coolermaster 212 cooling unit
8 GB G.Skill RipjawsX Ram
EV3A GTX 460 Video card
Black magic is good - but you need a bloody good computer to run it, I like easy shit so I don't have to worry and the HD PVR and Fraps are piss easy to use.
Also Youtube restricts the quality anyway so I just dont see the point.
From what I've heard to makes it easier to livestream to like twitch.tv.
It does make it easier to stream on twitch and such. Its hard to get a lot of viewers on twitch now a days anyways. I've been on JTV since like early 06 though lol