Yes, it has TIVO like functions, and one of the easiest scheduling interfaces I have seen for both TV and FM radio. It doesn't have an online TV guide, but I never used that on my TV Wonder so I can't comment. I can now see why I might want that USB 2.0 hard drive I have been looking at, since it would be a nice place to put all my TV captures.
The card makes recording ANYTHING a breeze, and it uses standard codecs, as well as the codecs you have installed on your machine. Installation was easy, and it went EXACTLY like it said it would in the manual. I used the Beta driver dated 3-28-02 to start with, but I think I may re-format and start with the driver on the disc (Jan 02) and see if updating the driver makes any difference.
I am pleased with the card, and it does do everything it claims in the ad. My ATI wonder was a pain, where this is turning out to be a joy to work with. I can see a few .VCD's in my future, as this card makes very nice capture MPEGs.