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Yeah there's many things you can do.
For video games, you can buy cables that allow for a VGA output from the console. Just hook up the audio cable to the line in on your computer, or a decent set of speakers.
The other thing you can get is called a VGA Box, it translates the Component (Red, Green, Blue RCA Jacks) or Composite (Yellow RCA Jack) into a VGA Output. These range from cheap to expensive. These will work with both consoles and cable boxes.
Do a little google search.
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