Possible To...
 

use an eyetoy on ur pc?? it seems really good quality

or will it only work on your ps2?

No, it works on PC. For drivers, see here for REALLY easy instructions on writing the driver:

http://www.ionstorm.co.uk/files/eyetoy.php

In 5 minutes, you'll be on your way... :)

i got a driver for it its well good! works perfectly

It sure does :)

works great, but you have to cover the red and blue led with something. Otherwise, it looks weird.