Yep. Sooner or later what we need will be built. All the pieces are there, just not enough market; AVS forum members don't quite make up enough me thinks.
But notice the forward position "box". This looks like a compact flash / smart media flash memory reader. You can barely make out the slot in the back plate. This would be a necessity for the cable operators so that they can maintain encryption and collect their money for premium channels. But they also need to get on board with new things like this. After all, they are the ones that have to supply or program the memory card with the things you've paid for. And it seems the memory card needs some sort of standard that will work in anyones QAM card. Perhaps it's simpler than all that, I'm not sure. EDIT: On the relook, the box looks big enough to PCMCIA / Cardbus.
I hope it will be possible to use a memory card reader in another spot besides directly on the card. I already have a reader accessable from the front of my machine.
Also note that there is not much in the way of chips on the board. I see what appears to be the venerable Conexant 878. A lot of the work must be being done in software.
DFA