Got my PHD-205 this week. Based on some of the comments I was a little concerned, but so far so good. Most of the rest of the comments I wrote the first night I got it, but not much has changed after 5 days of use. I'm happy with it so far.
Overall, it's a much nicer looking unit in real life than in the pics. The only exception is that the characters on the display are nowhere near as big as they appear in the pics. It's a little goofy that it says "boot" on the display whenever you turn it on. I'm using this on a 42" 1080p monitor over DVI, resolution on the PHD-205 is set to 1080i. The fonts and the alpha channels they use in the interface are very nice. The setup was easy other than on cable you have to choose between STD, IRC, HRC for cable. Hmmm ... I picked STD, it took quite a while to scan but came up with all the analogs (71) and lots of digitals (295). Oh no, I'm thinking it's probably a bunch of unreceivable ones, but actually all the digitals were legit including the NHL game plan preview Comcast is doing this week. There were a bunch of duplicates on the local channels and a lot of music channels (I was surprised that it also picks up the somewhat lame trivia and artist video on the music channels). It auto-sets the time after you give it your time zone info.
So, in real use on cable, it wasn't too bad. A lot of channels to navigate. The program "Guide" doesn't do anything other than show what's playing on the current channel, and what's on next ... for the channels it works for, which on cable was mostly a few of the locals. Also, it tries to auto-detect the call letters/name of the channels, but that only worked for a handful of channels (the HD locals, and a handful of other cable channels, maybe 10-15 total). Not sure yet how motivated I am to go in and enter them manually (especially since I assume if it loses power, my work will be lost). It handles 3 favorite lists with separate buttons on the remote. Programming favorites helps considerably with navigating a bunch of channels. One thing I was looking forward to was the zoom feature, which will let you get letterbox movies on SD channels to fill an HD widescreen. I've tried it some and am happy with the results.
After the time it took to do the cable scan, I was reluctant to try OTA (and then have to do the cable again). Also, some of our locals aren't so local, and usually take a decent antenna to pick up. All I have is a decent set of rabbit ears. I'm glad I took the time to try it. I was only expecting to pick up a couple of the locals, but even with the rabbit ears, I was able to pick up all the digital locals, including the ones they usually recommend somewhat larger antennas for. Nice! And the channel names all came through, plus the program guide for each channel. Nice! It was great knowing I can get CBS in HD, as Comcast won't carry it.
The buttons are a little small on the remote, but it's pretty easy to use. It responds to the remote much more quickly than my Comcast DVR. Since I now realize I could get an extra OTA channel, I can see why some are asking for dual inputs. Seems like if your cable and OTA locals matched up, it wouldn't be such a big deal. I haven't tried the digital audio out yet, hopefully this weekend.
Wishlist-wise, I wish it had a sleep timer. Wish the favorite list navigation would show the channel names, wish it would save tuner settings when you go between OTA and Cable. Wish for some way to save/load channel names you add manually. Wish there was a way to see the nice Channel Scan view with the signal strengths without doing a channel scan. Wish the range/angles the remote works at was a little longer/wider.
System information says Chipset: ATI Technology; Demod: ATI Theater; Remote Code: 254; Version: 32.11.12