You'll be able to watch one HD stream (and record it) as well as record another HD stream. Or you can watch two different HD streams on two different TVs. In addition to this, you'll also be able to watch/record 2 SD streams.
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You'll be able to watch one HD stream (and record it) as well as record another HD stream. Or you can watch two different HD streams on two different TVs. In addition to this, you'll also be able to watch/record 2 SD streams.