Pros: I have made dozens of HD recordings since receiving my unit and it is so simple to do almost anyone could do it. Love being able to get the premium cable channels from my DVR in HD to my computer and compress them to 1280x720. Where was this when I wasted money on a HDPrime cablecard recorder which won't let you get premium HD and edit it. Just an expensive doorstop now. Absolutely love this device.
Cons: Just that it does not allow recording straight to MPG as almost anything can edit an MPG file.