The interesting thing about the 721 is that it just takes the already compressed mpeg2 data stream from the dish and saves it to disk. There is no additional compression, thus no various settings and thus...you get back exactly what went in. It will save about 70 hours worth and the quality is exactly what it was like on the "original" live version. This is different than a TIVO where you are esentially going through a extra iteration of digital to analog to compressed digital where you get to set the "quality".
As for the fan noise, yes it is louder than it should be for something that lives in your living room. It is one thing for a computer to be loud in an office, something else for the home. Not unacceptable in my opinion but I may try and put in a quieter fan.
As for the fan noise, yes it is louder than it should be for something that lives in your living room. It is one thing for a computer to be loud in an office, something else for the home. Not unacceptable in my opinion but I may try and put in a quieter fan.