PowerVCR Alternative

I have been using PowerVCR 2 for my gaming consoles for a while now do to the fact that it takes up less room then having both a monitor and a TV. It has worked alright for just casual gaming. There does seem to be some issues with the image as it seems to miss out a full line of the display on various parts of the screen, something like every 20th line or something to that effect so the image looks pixelated. However I finally got an xbox 360 and set it up and powervcr wont support 60hz display. I know my monitor will support it as it is its optimum setting yet whenever I set the xbox display to 60hz rather then 50 it completely messes up the display.

Now to my question... Is there a program that will display composite video in other then powervcr cause if not I am planning on just buying a vga to 360 cable to just get it over with.