Dell Home has the Hauppauge HD PVR High Definition Personal Video Recorder 1212 USB 2.0 Interface for $220 - 25% with coupon code 7WD7KLJJNSZX44 [Exp 5/20] + $0 shipping = $165 shipped. Built-in hardware H.264 high definition encoder, for high performance, high quality TV recordings.
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Hmm. Only 1080i and playback on PC only. Who needs that...
The design intent is to allow people to "steal" the HD content (albeit 1080i/720p) from cable or satellite through the component outputs on their decoder boxes and record it on their PC's. Probably people that are slightly more creative...
I use mine with a WHS/SageTV setup to capture and stream my Dish HD receiver, effectively giving me HD Dish at every TV along with DVR capability.