Elgato Systems EyeTV 250 (DHDEYETV250)

Pros: Compact, works well on modern hardware, good user interface. No monthly fees, ads or spyware
Cons: Heats up. Not bus powered. Enough with the Blue LEDs already!

In 2003, I cancelled my TiVo subscription and sold it off on eBay because they started putting advertising in the user interface, implementing user-hostile DRM and otherwise taking the side of Hollywood pigopolists over that of their customers by ...

Pros: Good idea
Cons: Poor performance, no tech support, expensive return policy

Beware of this product and the company. There is NO phone support at all - tech support takes about 3 days to email back. There is a 15% return charge (open box fee - about 30$, and you have to pay shipping both ways- So, it cost me about $50 to NOT be able to watch tv on my computer).

There is a lag between the video and audio on all channels (with a top of the line smoking fast mac book pro), the reception via antenna (the best ones recommended by Elgato themselves) is terrible and even the cable channels have terrible pictures. It is not really possible to trouble shoot such issues via email. Either stick to your TV or buy something else