Yes. There are a handful of movies downloaded to your dvr. Anytime you see a green arrow icon, it means the movie is already on your system. By playing it, it makes it available in your playlist."steveT" said:
Also, some of them will show up in the guide below channel 125.
Even with your download speed, you don't have to wait hours if you use download. The speed is limited at the source. The color code of the download arrow will tell you when you can watch. Red means you can't watch uninterrupted. Yellow means you may (usually can). Green means you are good to go.
Try a download to see how fast it is. You don't pay unless you watch and say you are willing to pay.