Personally I'll be looking at the Ultraplus 700 HDMI unit for $140 when I buy another sat box for this years F1 season as I need HDMI out but don't need any HD decoding.
I can recommend the Ultraplus 700HDMI.
Been using one for over a week with no issues. The HDMI connection is an improvement over Component for image quality and I feel I am getting the best possible image quality I can from SD satellite now.
I'm not worried about not having upscaling from the satellite receiver as the LCD will do that anyhow.
It's running with a 500GB USB drive and recording a program couldn't be easier.
For the $140 it's an absolute bargain.