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Finally! Engadget cites this TiVo user forum thread as proof that TiVo will be bringing out a cheaper version of the HD Series 3 unit they unveiled last fall. You just had to know that eventually there would be a more reasonably priced model, it was just a question of how long we would have to wait.
The Series 3 "Lite" will have a smaller hard drive and will not come with a couple of the bells-and-whistles on the current unit. Otherwise, functionally it has the same feature set that most people want -- the ability to record 2 HD channels simultaneously, resolution modes up to 1080i, etc. You still need to get your cable company to let you have the required CableCards, which apparently can be a struggle, and in that forum thread there's some debate as to whether you can use a "multistream" CableCard or if you need a CableCard for each of the two HD recorders.
MSRP: $299.00. Orders already being taken by online vendors in that general price range.
Pennies are tight around The (Real) Big Red House these days, but I do expect to buy one in the foreseeable future. I had been considering giving up on TiVo entirely and swapping our Series 2 TiVo in the family room for one of Comcast's DVR boxes for sake of convenience, but the Comcast boxes suck HARD and I would love to be able to go back to having a TiVo to use with our HDTV in the bedroom.
I'll be keeping an eye out for an actual review from some TiVo user once they start shipping and let you know what the skinny is.
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