I would say XRGB3 or DVDO Edge. DVDO edge has some ringing artifacts, but another cool feature is it can auto switch devices and act as a hdmi switch.
DVDO edge is also a very good deinterlacer, probably the best for under $1000. So it would make Standard definition DVDS look great and improve cable boxes.
XRGB on the other hand is much more suited for gaming. IT just sometimes doesn't like certain displays. It has a japanese SCART plug, so you will need to convert any european scart to japanese scart. The reason behind this is because the pins are different, and by plugging in a european scart into the japanese scart will short that plug
DVDO edge on the other hand takes SCART, but not in the SCART you're familiar with. You will need a SCART to 4x RCA plugs, more commonly called RGB+sync.
Also keep a look out for the frame mesiter XRGB. It is supposed to be coming out in a few months and should be priced lower than XRGB3/DVDO Edge. I will be picking it up if Fudoh gives it the thumbs up
I have the DVDO EDge. Both scalers are essentially line doubling, which is taking the original 240p image and multiplying it by 2 to 480p. So basically 6ms-8ms of lag. I know the DVDO edge can also upscale to 1080p, the XRGB3 is kinda finicky when doing so.
So all in all, your input lag should be less when connected to DVDO EDge/XRGB3 then hooking stuff up directly to the tv. The only exception is 480i games, like ps2, as the DVDO edge deinterlacer, while good, creates 3.5 frames of lag.