From Online Media Technologies Ltd., UK:

AVS TV Box Free is a universal software TV viewer with Personal Video Recorder functionality (PVR) allowing you to schedule TV recordings. It works with any windows video capture device like satellite, TV and DVB cards, miniDV cameras, video capture cards, web cams including ones with hardware MPEG 2 encoder. Easy-to-use and clearly structured interface, adjusted Aspect Ratio, one-click switch to full-screen mode, skinable interface make viewing more comfortable.
This is a high quality product, and the greatest fact is that it is absolutely FREE! No trial periods, no feature limitations, no watermarks.