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Other cool thing I found out this morning is that the tivo seems to record live tv (on the channel you are watching live) all the time, so at any time during a live tv broadcast, you can hit pause, rewind, play etc....then fast forward to "catch up" to the live broadcast again. This would be handy for watching sporting replays etc when channel 9 doesn't show them
Yes - it will store up to 30 minutes of live TV. There are other benefits too - if you switch on your TV and it's 15 (say) minutes into a program you're interested in you can rewind back and watch it from the beginning.