Yes it will.
You can connect it via the RF Channel 3/4 output on the Bell receiver or for better picture quality, use Composite of even "S" video connection if the DVD recorder has that.
I use a DVD recorder on a 4100 and it works fine.
I bit of a pain having to set up a manual timer on the DVD but it works. There might be a way to do this automatically but for the few times I use it, its great.
I also have a Bell 9200 and 5900, they are obviously much easier to use for recordings. I then hook up the DVD recorder if I want to save a movie etc from these PVR's.