The Stream can transcode pretty fast, about 20-25 minutes per hour of video. Although if you have a high end PC then you can do the same thing in VideoReDo. The biggest advantage of the Stream is that it transcodes and transfers all in one shot. So you don't have to transfer to PC, then transcode, then transfer to iPad. You just pick the show and click "Download". It's very convenient. Although if you go the PC route you can cut out the commercials which is nice. Plus you have more fine grain control over the bitrate so you can reduce the file size and/or increase the quality. Although I find the Stream transcodes to be good enough.