Chris, it is one input with HDMI pass through I believe. Breaking news though. Avermedia has released some new software in beta that allows you to use the Live Gamer Portable as a camera source in Wirecast, VB, VMIX, OBS, XSplit etc. It is called the LGP Stream Engine. So now you can use the device as a USB2 HDMI/Component capture device. (or as a streamer, or as a recorder - one function at a time) More on this later as I test it. The software is in beta at the moment so there will be many improvements going forward. Interestingly it appears to allow you to record that camera at the same time as streaming to the switcher/encoder
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