Yeah, I noticed that the description is misleading in regards to HD. My main concern was getting at least the mpeg2 with lossless audio instead of just the Dolby 2.0 as an option.
I did a search myself on meaningful specs and was hard pressed to find any mention of them. I MAY just spring for the Hauppauge HD PVR with a little crimping of my budget so that I have something more high end right out of the gate.