Let me make sure I understand you. So it's one receiver to one tv with DirecTV's HD DVR and no PiP? So you can only watch one channel or recorded show at a time per DVR? That's a bummer. I'm used to running four games at once off of two DVRs (922 and 722).
You can record two different channels at a time per DVR but you can only watch one channel at a time, even if hooked to seperate TVs.
No PiP for Direct TV.