Lowest I've seen as well.
I'm debating between the Elgato and the Hauppauge HD PVR2. They seem very similar in features. The Elgato seems to have better (or possibly just more elegant) software. However, I like the record button on the PVR2 - I don't want to have to use my PC to initiate/stop recording, I'd rather just press a button while sitting on the sofa.