CotD - Twin tuner PVR HD Set Top Box - Quality?

I know COTD are terrible, etc, however I have been looking for a cheap twin tuner PVR to use a samsung 2tb story external hdd to record on.

Does anyone have any experience with this? or the Lenoxx brand?
http://www.catchoftheday.com.au/smallfish_info.php?products_…

Will I need to format to FAT32 or something?

I don't mind that it will take a month to arrive.

If you don't recommend this PVR, are there any other on the market you would recommend?

Thanks!

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