Is anyone else using this software? I have been waiting the longest time for something like this to appear for PC's...but this really goes farther than I expected it to! I have it set to automatically record all my favorite shows off my Hauppauge into MPEG4 format. I can actually watch them from across campus while I'm in a lab...no kidding!
It's not the easiest thing in the world to set up, but it does so much I'll forgive them for that.
http://www.snapstream.com
I had to setup Windows Media Tools and my line-in settings in the recording control before things worked well. But seriously, I can't believe software like this hasn't been out sooner!