No, you cant record with the playstation eye lol.
Get a Dazzle DVC 100 for either $50 or $80, if you still have small audience and to see if the people like your works. You can get fair quality with it.If you get one, just PM me for tutorial vids on getting good quality with it.Get a HD PVR (around like $200+?) if you got big audience and people definitely like your work. Your choice bro.