Yes kingy....personal video recorder. My sister has had it for years, but it was only available for satelite. That's exactly how it works.....it records to a hard drive in the box itself. You have to burn it to a DVD to pass it around. The beauty is that you can watch something you've recorded while recording something else. You can pause, replay or rewind live TV and skip through commercials. It has boodles more functions, and I quite like it.
(my favourite is the replay of live TV.....I can't tell you how many times hubby will yell to me while I'm doing dinner or something.....COME SEE THIS. And of course I get there just when it's over)