Supposedly
"the PS3 encodes the HDCP signal, which your TV can decode, but all HDMI capture devices can't."
Now this was from a while back so unless things have changed you can't use HDMI to record with the PS3 without using an HDMI to Component converter.
I use the Gaming Edition(1st one) on my 360 and it just became to cluttered in my room so I unhooked it. Worked great though.