I bought the 1212 via Amazon.com. Back ordered. Received two weeks ago. Easy install, excellent captures of 1080i from Motorola DCT3416 HD-DVR, mostly HDNTM movies.
Within minutes the adhesive holding the IR blaster emitter to the face of the DVR fell off and would not re-stick. As I wasn't planning to use it immediately to tune the box, I ignored this.
I was slightly irritated that the 1212 must be ON in order to view the DVR output on the TV, but chose to ignore that as well - not that I had a choice!
The only problem I had was that the component cable connectors did not fit firmly into the 1212 connectors. Since I was using the 1212 power switch to power down over-night, the small movement this caused to the box would often dislodge one of the video connectors - to be discovered when the screen remained black after power on.
While the unit runs hot, it was in a fairly well ventilated, under-the-set cabinet. After 8 days of use, rather continuous since the Olympics began during that period, the 1212 began to frequently drop video to the TV - screen goes black for 2 or more seconds, sometimes long enough for auto shutdown of the TV - and in between these signal losses the picture would often break up. I spent quite a bit of time reverifying, each time, that the connectors were still firmly seated. After cooling, the unit would behave better, but the symptoms soon returned.
Since I was playing video from the DVR, I could re-cable and watch the same material to be assured that there was nothing wrong with the source picture.
I exchanged the 1212 with Amazon for new. This was a very simple procedure. Exactly the same problem arose with the replacement unit in less than 24 hours. I've now returned it for a refund.
The component cables used were a 6' set which came with the DVR from the cableco and the 6' cable delivered with the 1212. Alternatively, I tried a pair of 3' cables I'd ordered from Monoprice.com to avoid using 6 footers.
I've used several Hauppauge devices in the past, external and internal. All have been problem free and long running, so I expect to be able to reorder a 1212 when some of these issues have been attended to by their engineering group.
BTW, H264TC Cutter 111 does an OK job cutting commercials, etc., as long as there is some fade in/out, as it is not frame accurate. Hopefully its author will have time to enhance the nav controls.