After downloading a 1080i sample clip, I've cancelled my Amazon order. For all the headeaches I've read about, the ESPN clips gave me enough to look forward to. However, those were 720p clips. The 1080i clips will not play smoothly in any of my software, and the packed-in software is reportedly no better.
There's only a handful of HD programming I really wanted to capture with this device -- most of the HD stuff is unencrypted and can be recorded via firewire, and I don't subscribe to any of the premium HD channels.
I still need to convert some VHS tapes and such, so I will now look for the best SD analog to digital converter.
Maybe one day, provided the MPAA doesn't sue Hauppauge over this, I will look into this sort of device. But it's just too bleeding edge and messy for me.