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I never watch commercials any more!
I love my Tivo!! The Tivo service updates the machine with the schedules of the shows on your particular television service. Then you get a 'season pass' to your favorite show and it will record it every time it's on, on any channel, any time of the day or night. You can limit it to only first-run shows, or include reruns. If you find an actor or actress that you like, you can search for shows that they're in. You can set up a wishlist to automatically record any show with, say, Robin Williams, or with the word 'Christmas' in the description, or all comedies, etc, etc, etc. You can adjust the recording quality to fit more shows on the hard drive if you record lots of shows.
And THEN!! This Tivo box includes a DVD player/recorder. Don't need a separate DVD player to watch movies AND you can record all your favorite shows to DVD to keep forever!!
Tivo also makes watching live TV better. If the phone rings or someone comes to the door, you pause your live TV and it will keep up to 30 minutes of your show until you come back. If you need more than 30 minutes, you can press the 'Record' button and it will record your show to the hard drive to watch at any time.
I was lucky enough to get into the Tivo service when they were still selling lifetime service contracts for $300. Now I think it costs $14.95/month, but if you check E-bay you can sometimes still find someone selling an older box that includes the lifetime service. Well worth the money either way!