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I was looking for an inexpensive way to watch and record TV and I thought I'd give this a try. It's pretty amazing. We get some 30 channels over the air with a set of amplified rabbit ears. 9 of them are in HD. We also get clear QAM and analog cable signals, but it will only do one or the other at a time and when you switch you have to rescan.
There was some difficulty in finding the clear QAM channels in Windows Media Center. They are apparently assigned virtual channel numbers by the cable company. The WinTV software that came with this product did find the these QAM channels, and it will show you their real channel number if you right click on the channel in the lineup. Then you can manually add the real channel number to Windows Media Center.
Windows 7 64 also appears to have a problem with the analog signals when connected to a flat panel via HDMI and Windows Media Center is set to 1080p. This is resolved by switching back to 720p for analog channel surfing. It does fine on 1080p when using the antenna or on clear QAM.
Sadly the remote never worked at all, so I got a wireless keyboard.