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"Finally! Everything I had expected."
4.5 starson by trininuyawkaPros: Dual tuner, Cable Card ready, HD recording, same great Tivo interface
Cons: Price, copy protection, price, no access to VOD from cable company, price. Did I mention price?
Summary: The Series 3 is exactly what I have been waiting for. It has been a pain to watch TV shows and sporting events outside of my Tivo just to see it in HD. It's amazing how much you miss being able to watch what you want when you want it without commercials. Now I can have my HD Tivo cake and eat it to. Albeit an $800 dollar cake!!!!! And I thought the new PS3 was expensive! (Funny how CNET didn't put the price on the "overview" page.) Since me and my wife are die-hards, we'll probably get one. But the sad part is the price will most likely force more casual people to use generic DVR's from their cable companies. Too bad.
Updated
...may be a deal breaker for some. I don't use it that much except to move shows to the PC for more room on the Tivo. The reality is it may take several hours to transfer a show that is in HD quality.
The biggest issue is the price. I may have to wait until I can get a Series 3 unit online for less than MSRP. By the time you add a pre-paid service plan, the price is over $1000!