Yep, we can do that, but I don't know if there's a trick to it or not. I'm kind of like Robert -- not the Tivo expert in the house. In order to watch what Tivo recorded, we have to set the TV to "Video 1". To watch a DVD, we set it to "Video 4" or something. So, we watch regular live TV on just plain TV. And TIVO is doing it's thing recording some other show on Video 1. You just can't be wanting to watch a channel live via Tivo and have Tivo record another channel at the same time. So, for the live channel you'd loose that ability to pause, etc. I described above. So, just have Tivo record the thing that's live and watch something else it recorded earlier in the meantime. Not sure if I explained this very well or not. But, yes, in most situations you can watch one show while Tivo is recording another! :)