We still own two UltimateTVs and we're thinking about getting another one for the mother-in-law. Best. Product. Ever (that's not made by Apple). You can erase multiple items at once, delete lots of upcoming programs at one time and it's easy. Our 2001 model is still shining.
Yes, we have an HD TV, but we prefer the UTV so much that we haven't hardly thought of getting the HD DVR.