Ok, I thought it through last night. Here's my take on why it's not the worst thing for me to buy an HD10-250 right now.
Currently I have a SAT-T60 DirecTiVo receiver and a Mitsubitshi SR-HD5 HD receiver. I'm considering the purchase for three reasons:
- Ability to record HD
- Better ATSC/OTA reception
- Increased recording time for SD programming
- Ability to record OTA HD programming
- Save $5/mo that I'm paying for an second receiver by combining HD and TiVo into one unit
- Reduce the clutter on top of my TV be eliminating one receiver
The way I see the rollout of MPEG4 going, the HD locals will be added in MPEG4 format. People who want to get them will need MPEG4-capable receivers. Eventually, DirecTV will reach a point where they've got all the HD locals up that they intend to (or a significant amount). At that point they may move the other HD content over to MPEG4 format. When that happens they will have some sort of upgrade program to replace MPEG2 HD receivers with MPEG4 receivers. What I don't anticipate happening is a sudden move of non-local HD channels to MPEG4.
At some further point in the future, when the installed base of MPEG4 receivers is big enough and when the inventory of MPEG4 receivers is big enough they will move the SD channels to MPEG4 and they will have a program to upgrade all remaining MPEG2 receivers to MPEG4.
So, if I buy an HD10-250 today for $899 and subtract the $250 programming credit that DirecTV gave me my investment is $649. If I had to guess at the earliest date that I think the total transition to MPEG4 will occur I would say sometime in 2007. So, to be ultra-conservative, I'll assume that I will have a 2 year window of use for an HD TiVo. The $5/mo that I will save over two years adds up to $120, so my investment is reduced to $529. Then, subtracting out the $169 that I was going to spend to add a 160GB 2nd drive to my SAT-T60 (via Weaknees) gets me down to a $360 investment. If I can sell my Mitsubishi HD receiver for $100 on eBay then I'm down to $260 investment.
So, is it worth spending $260 to get a receiver that I hope is better at OTA reception (good enough so that WTNH/ABC WTIC/Fox don't break up due to what I believe is a multipath problem and possibly good enough to get WFSB/CBS, WVIT/NBC, WTXX/WB and WCTX/UPN which I can't pick up at all with my Mitsubishi)? Maybe not.
Is it worth spending $260 to be able to record HD, both from DirecTV and OTA? Possibly, since I'll always be able to use it to record OTA HD (I pick up PBS-HD just fine already and probably ABC and Fox with the better ATSC tuner) and I'll be able to record the non-local HD channels on DirecTV for some period of time until they move all HD to MPEG4.
Put those two items together and throw in the reduced clutter on my TV and add the probablility that DirecTV will offer a swap (either free or at a reduced price) of MPEG4 capable receivers to replace existing MPEG2 receivers at some point and I'm not feeling too worried about buying the HD10-250 right now.
-McD-