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I don't know about the specific Optic TV hardware, but IPTV (or provider set-top) boxes in general are HD, and support SD TV sets as well.

Most IPTV DVRs can record up to four streams off of one wire. A satellite DVR is limited to two. Should you decide on two HDTVs in the future (supposing you stick to IPTV), both can share the pool of recordings on the DVR, in HD (the second set on a Bell 9242 is limited to SD)
 
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