As usual, 100% rumor, but worth passing on just because the quest for a reasonably priced, HD Tivo is worth the time and the text.

Very inexpensive case, likely due to the fact that this is a demo unit. Hard to believe these would be the final designs. Sounds like some enhancement to the CableCard support, including a multi-stream card slot (on-demand?)

This is a demo unit we have been provided so the actual units they put into retail may differ (they haven’t said one way or another) but for their sake, I certainly hope the actual units look better than this. I personally have a current S3 box at home and can say that this unit is SIGNIFICANTLY cheaper looking and is lighter in overall weight (feels substantially so for some reason). Just my first impressions though&mdas;haven’t fired this unit up yet to see what other differences might be. The remote that came with it is also ‘cheap’—is lighter and not as good looking as the original shiny unit that comes with the current S3. As you can see the cable card slots have been moved up front and one slot supports the new m-card while the other supports only the traditional s-card.

From Gizmodo.