There's a Raspberry Pi project I've been thinking about, and I wanted to check if it sounds feasible.
I'm a console collector, with most (not yet all) of the older consoles (I'm missing everything preNES, Master system, Saturn, DreamCast, Gamecube, N64, and Xbox, for the curious), with a bit of a problem. It is well-known that older consoles that use RCA video output (I'm not sure about coax or component, I don't use coax and most don't support composite until the PS2 era) have noticable input lag on modern televisions. This lag is, as far as I know, caused by the process of converting the signal from analog to digital and upscaling it to 720 or 1080 resolution taking too long because of processing power. Many TVs have a "game mode" to counteract this by disabling most of the upscaling effects such as smoothing and the like, but not all do, and it isn't always enough. The ideal solution is to use a CRT tv, but those take up quite a bit of space, and are undesirable as a "main" TV due to low resolution, making it impractical to play Nintendo on your couch.
What I want to do is get an RCA input device for the Pi and use that to convert the video signal - the Pi should be powerful enough to do it seamlessly, and the TV shouldn't lag much (if at all) because the input signal is perfectly tailored to it already. Additionally, if I desire to record the signal for whatever reason, that should be simple to do. Will this work?