Nero LiquidTV | TiVO PC is a software-only version of the popular TiVo DVR system. Since the TiVo DVR hardware is fairly similar to a typical PC, Nero has teamed up with TiVo to create a software package that delivers the same TiVo experience to a PC. The key benefits to such a system is that 1) it effectively removes the upper limit of storage capacity because of the upgradeability of a PC, 2) a cheaper alternative to a TiVO if you have a spare PC and tuner card, and 3) built-in transcoding capabilities to put recorded content on to you portable media (iPod, iPhone, PSP). There are two versions of the TiVo PC available: 1) a software/hardware package for $199 that comes with the software, remote, IR blaster, and 1-year subscription to the TiVo service, and 2) a software only package for $99 that includes the software and a the 1-year subscription. Either way, after the first year, the subscription will have to be renewed for $99 / year to maintain the full capabilities.