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I definitely recommend Nvidia Shadowplay for recording, and Sony Vegas Pro 11/12/13 for editing. But, when it comes to recording mic sound, I should indeed go with the Blue Yeti posted above. It's one of the most popular and best USB microphones. It's used by loads of YouTubers. One thing to note, if you're going to record with Shadowplay, make sure you're only going to record in-game sound and use Audacity for recording mic sound.
Audacity is free. That is, because Shadowplay doesn't record the mic and in-game sound in two separate lanes (IYKWIM). Which means, in the editing software you can't adjust the sound of the mic or in-game sound. So use Audacity then. It takes a little bit of synchronizing, but it's better in the end.
And if you're not going to use Shadowplat, take a look at OBS (Free) or Dxtory ($30).