Although this process might seem easy, there's definitely a cash outlay involved here. Between a copy of Toast and the EyeTV 200 unit, this was at least a $500 investmentplus the second hard disk I bought and installed on my Mac so that I had plenty of space to work with video. (At least hard disks are cheap now!) With a little bit of homework, you can find 60GB or more drives for under $100.
Nonetheless, if you do want to capture video and save it on your Macintosh or even burn your own DVDs, it's eminently within your reach and easily done.