OK.. I got a hold of one of these and it's not too bad..
The Goods:
1) Works as an external TV Tuner, which does NOT require your computer to be on, only your monitor.
2) Has Video Inputs
3) Has a Remote
4) Picture Quality is quite good and settings such as brightness and contrast can be adjusted with the remote
The Bad:
1) The remote control response is a bit slow.. you cannot press the button too fast
2) There has been a couple of instances where the the box did not want to work after I powered down the little box. I have no idea what the problem is. Could be the monitor or just my stupidity.
3) No video capturing capabilities
Overall I am very happy with the box. It allow me to use my monitor as a TV without having my loud computer powered on.