Here is my set up:
What you will need:
1. Computer that is close to your PS3
2. RCA Cable Double-Sided (About $10-$40)
3. Dazzle DVD Recorder (ABout $35-$50)
4. Of course your T.V.
The instructions on how to set it up will be on the Dazzle and any other questions could be asked on the official PS forums.