No, thank you guys for the solid replies with links and prices. I'm just making sure everyone is think of the application I want. I understand the thing with an HTPC is that it's able to do more then just a set top box. However, I'm looking for a single solution to a single problem, a DVR. Both the Panasonic TV or Samsung bluray player will be able to handle NetFlix (including SuperHD or 3D streams) and amazon instant video or Hulu. Those are the only three platforms I use for web based video. They'll also be able to play bluray video (duh :P) and at most in this bedroom I'll have a 2.1 system but probably just stick with the TVs sound.
The only thing I want this device to do is record cable TV using a cable card. I can't picture 1080p or higher resolutions coming down the coax cable for at least a couple more years (2+ at the earliest). I understand future proofing and that you're trying to find me the best bang for my buck. But I'm 100% focused on can it handle pausing, fast forwarding, recording, and playing TODAY'S digital cable streams, at least 2 at a time, more if possible.
I really appreciate trying to get me the best for my budget, but I want "just as good" picture quality as a Motorola or TiVo DVR in the most silent, smallest, lowest power device possible. It's a bed room setup, not a man cave home theater. Just to get a 1Tb TiVo I'm looking at a minimum $530 in the first year of device alone. So if my little atom box can even record cable TV for just TWO years I've saved myself $180 AND with the Ceton being external and USB I can move it to a strong system two years down the road if need be.
If you seriously think that system won't be able to record a couple shows or show live TV while recording one, then I'll HAVE to get something else. But, if you think it can handle that with the same quality as a TiVo or Motorola, even if you think it's "old or not as good as what I could have", that setup has a place in my heart :P
I just don't want to buy it, set it up, go to watch live TV and see I'm getting 10fps or something or try to record and it keeps dropping the recording if its a high def channel or something...