Hi guys,
After looking at foxtels website i have found that foxtel will be launchihg a PVR possibly next year.

In addition, FOXTEL, in a later phase of its digital roll-out, will introduce the NDS XTV Personal Video Recorder (PVR) to enhance its digital system. It is anticipated that FOXTEL will offer the PVR approximately 12 months after the launch of the first phase of its new digital services. Source: http://www.foxtel.com.au/236_381.htm
If this goes ahead we will have features such as being able to watch a channel and record another.

Info about the NDS PVR can be found at: http://www.nds.com/personal_tv/xtv_pvr.html

If anyone finds anything more post it here