Multimedia PCs – Watching + Recording TV

Greetings,

For those of you that don’t know, Microsoft is coming out with a ‘Media Center PC’. It is designed to sorta take place of your television. Big flat screen, TV playing/recording capabilties.
http://www.microsoft.com/windowsxp/mediacenter/

Its really cool. Anyways they are requiring special hardware to support all this playback stuff.

I would like to setup this now w/o buying another ‘special PC’. I have a TV card now. My question is: Does anyone else have their PCs setup towatch TV / record TV? If so please post your setup configuration. It would be really cool to record shows without TiVo. Please list software + hardware. Thanks!