I used this setup a year ago and found that the intermediate transcoding (MPEG-2 to H.264) was a deal breaker. Of course, I was using a Core 2 Duo MacBook for this, without the Turbo.264 HD. What is your experience with this and what kind of horsepower do you have for the transcoding?
I have since found a far better setup, but discussing it is against forum rules.
I use a Macbook Pro 17" mid-2009, which has a 2.8 GHz Intel Core 2 Duo. NOT using a Turbo.264 HD. And it is doing that transcoding in the background, often while we are using the machine for regular home stuff (iPhoto management, web browsing, e-mail).
The transcoding does indeed take a while. The primetime shows for a given show (say, 8 pm or 9pm shows) won't show up in iTunes until very late at night (after midnight).
Effectively, this means we watch the shows on the Apple TV the day after they air. This may not be acceptable for some people, but it is acceptable for us. (We are busy parents, so we fit TV in when we can. We would probably often be time-shifting these shows by at least one day anyway, just due to our volatile schedules.)
On the rare occasions where there is a TV event that we really DO want to watch the same day that it airs (the super bowl, the oscars, a presidential debate), we do the following:
-Set EyeTV to record the event. Then 20 minutes or so after the event starts, start playing the recording in EyeTV on the mac, and use AirParrot to mirror the computer's screen to the TV. This lets us pause, rewind, and skip commercials just like a regular DVR. No, the picture is not quite as nice as the transcoded file playing in iTunes (mainly due to the limitations of AirParrot and my hardware), but it's good enough for us.
All that said, the transcoding is indeed an annoyance, and I'd like to be rid of it. That's why I'm looking forward to the relase of the Silicon Dust HDHR-4 (which is supposed to come out some time this year). That device does the transcoding of the OTA program stream from mpg2 to H.264 in real time onboard using it's own hardware, so that EyeTV will end up with H.264 video at the outset. This means the "export to iTunes" function should be nearly instantaneous.
I'm very curious about your "far better setup". Would you be willing to tell me about it in a private message?