Yeah it has S-Video, and the reason I am not using the Audio portion of the included cords is because it would then need a place for that audio to go out.
On the top part of hte card is where you would normally send the incomming audio outward. BUT, in my case That would have ment two times the amount of wires needed, so i just spliced the ps2 audio directly to my computer speakers.
I definitly did it a diff way then normal, but this way all i needed was a 2 way splitter rather more cords then I allready have.
Oh by the way, you cant directly connect that to your PS2, no matter what you need to use its AV cables since the port on the PS2 is that small flat rectangle thing, i just skipped a step with its audio is all.