Pros:
~ Fairly easy to setup, vice versa easy to take it apart to take it to somewhere else
~ Records in 720p for PS3, 1080p for X-box 360 (due to PS3 HD copy protection)
~ Fairly small and compact, easy to start recording with easy to access button
Cons:
~ Its like a fire-hazard in your room with cords everywhere
That's basically it. Overall, I think if you wish to become successful on youtube, use an HD-PVR, because I personally think a dazzle or an easycap isn't going to get you anywhere on youtube.