At $85 over MSRP, it doesn't represent a very good value. At MSRP, it's a good value for the $50 over the price of a standard X800XT AGP considering the feature set.
I'd go with a seperate "IF" you were putting in a rig for purely PVR purposes as there are better solutions if decent scheduled recordings or multiple tuner support is important to you. Otherwise its hard to beat AIW with a seperate card considering its extensive feature set.