It looks like the Hauppauge PVR350 might be lowering it’s price from $199 to $149, at least on the Hauppauge online webstore. The store webpage currently has this comment next to the PVR350:

New! Lower price: $149.-

Unfortunately, if you select the “Add to Shopping Cart” button, it still has the price at $199, so you might want to wait until the dust settles if that deal floats your boat. Alternatively, you can buy a PVR350 and receive a free MediaMVP, which is a good deal as well.

The interesting aspect of the PVR350 is that it not only encodes MPEG2 streams as they are captured, but it also has a TV-out which will decode it on the fly as the well, greatly reducing the CPU needs and letting you use an older, less powerful computer.

Thanks for the tip, reader CT!

Additional Info:

TVHarmony Product Tracker: Hauppauge WinTV PVR 350

(Hat Tip: Reader CT)