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“So you have HDTV and you want to record high definition movies that you are watching, but how? While not ready for the average consumer, there is a card that proposes to be able to take the HD stream and let the user capture the signal for recording in high quality.

As the article states, it had to happen sooner or later:

Recording HDTV - MPAA headache: HDMI HDTV capture card - but more are sure to come.”