It sounds like the eyetv is a PVR for your mac and not your TV. Having to encode it into h.264 first doesn't sound enticing at all.
I think I'll just buy an old windows machine and build it into a true PVR so I can just watch it on my TV without having to encode it to h.264.
I think I'll just buy an old windows machine and build it into a true PVR so I can just watch it on my TV without having to encode it to h.264.