Well, it rocks but it also is contributing to a phenomenal amount of storage need in our household now. However, now I can actually WATCH the shows I'd like to see without worrying about content for the 3 year old's eyes/ears -- after he goes to bed, of course. I absolutely love the fact that I can strip the commercials and advertising out before we watch his favorite kids shows (over and over and over).
While I still think that PBS has some of the best content for kids, what is with the "commercials" for Fruit Loops, Kellogg's, and other stuff?? Thankfully, Mister Roger's Neighborhood must have some sort of agreement in place that only permits the traditional "This program is funded in part by..." spoken sponsors list. Our two-working-parent household doesn't allow for much regular TV watching so it's nice to have even more fine grain control over the viewing by getting rid of commercials from PBS as well as the regular Saturday morning fare.
I can't recommend EyeTV 200 highly enough if you are a Mac addict like me (Sorry Windoze folks, you'll need to look for other comparable products because Elgato only makes this for us Mac faithful). (-;