Does this device have an option to bypass the encoding and pipe the raw stream over USB to the PC?
Since this product targets mainly HTPC owners, such an option would certainly be welcome, I think. And USB2 should be enough...
By description, the real-time encoding will fit a 2h program on a SL DVD. That ends up about 5Mpbs combined audio+video.
For a real-time encoder 5Mbps AVC could be on par with a good upconverting DVD player.
It claims to be capable of AVCHD output. Anybody knows the bitrate (format max is 24Mbps)?
I'm not downplaying the importance of such a product just trying to keep expectations on a reasonable level.