El Gato just released new software/firmware for this product. My previous review gave it only one star because of HD video quality. I've revised here to 4 stars. The new transcoder is greatly improved. I use the product with EyeTV software to transcode 1080i to 720p. The output video is now much cleaner. Great for my purposes. Would give an extra star if Elgato gave me more info about customizing/limitations of the Turbo H264 coder settings in EyeTV.