Verified answer

It'll record everything, just mute the players in the game if that's an option.

im recording with a tristar mx hd pvr, but im sure its the same. what you need to do is mute the video voices when you are playing because the game recorder will normally capture everything. so just mute what you dont want to hear or edit it out later when you splice your videos.

Only if you have it set for the voices to come out the speakers. It records anything that comes out the speakers. If your using your headset to talk with them than your fine