I ordered this and am very happy with it. My Sat reciever is almost always on so a 'Y' cable wouldn't work as you can't have two signals at the same time. I haven't noticed any signal loss due to the switch though it is manual and you have to go up and flip the switch by hand.
I purchased one from Wal-Mart (on discontinued shelf) and it works but on my X1 with sat or dvd the fine clairity looks grainy. I think I am loosing signal due to this because as soon as I plugged the dvd direct or sat direct it looked much better.
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