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Here's the essence of patent No. 8,083,593 according to the USPTO abstract:
A digital video recorder (DVR) application running alongside a television client component allows users to record media content on the gaming console. The DVR application also integrates itself with the console menu. Once integrated, users can record media content while playing games. Alternatively, users can record content when the gaming console is turned off. The recorded content can include television programming, gaming experience (whether local or online), music, DVDs, and so on. When in the recording state, users can also switch between various other media modes, whether gaming, television, and so on.
Microsoft has always wanted a spot in our living this patent is the latest evidence that the company is moving toward the goal of getting consumers to fire up their Xbox whenever they flip on their TVs, not just when they want to play a game.
As for me I can't wait to drop cable and stream the world to me. With a MLB.tv subscription / Other live streams youtube and downloading sites it is easy to unplug as you can either stream or download any tv show or content when ever you want. I see the end to a Cable and Phone provider and them becoming just Bandwidth providers.