Pros Homeplug AV works great (if both are on the same phase in your breaker box). HDMI out. Sees properly configured windows shares. Good media compatibility (not EVERYTHING, but still quite alot). WORKS WITH PLAYON!!! (BIG props!)
Cons No component out, just S-video if you can't use HDMI. GUI is a bit boring, hard to read on smaller (15") LCD. Switching between menus, folders, etc. is slow.
Summary Newegg has it (April 2010) for $60!! It really does work great, especially for a 2nd tv in a bedroom or the like. Maybe not as much for primary (i.e. large) TV. But as a replacement for Dish Network's 2nd tuner (which is std def only) it's an improvement in quality with a few minor tradeoffs. Like I said, find it for <$75 and you're golden.