Advertisements Rick, I think you completely wrong. You are obviously quite upset about this, and I think you have no reason to be. Unless you are living under a rock, it can't be news to you that with technology products, there is eventually something new that comes out. You said you've had them for 18 months. I can understand being annoyed if you bought it a month ago, but a year and a half??? No one said they aren't going to continue updating the Series 3s. They've added all kinds of stuff to it since you bought it... Netflix, Blockbuster, and the whole search capability that's in the new box. You aren't going to get the totally new user interface, but my guess is it would be painfully slow on the older processor... which is about 3 years old technology. I'm sure if new capabilities (similar to Netflix) that are compatible with the Series 3 are possible to add, they will add them. By your logic, the Series 2 owners should have been up in arms that they didn't get Netflix. You mentioned the value of your existing Series 3 Tivos has dropped. Again, please tell me this wasn't a surprise to you... next generation box comes out and the hold ones drop in value. I bought a brand new MacBook Pro about a month after the unibody models came out for about $1400, and it was close to $3000 the month prior. Its life in the technology world. The flip side of your argument is that there is so little new in this announcement that I'm not sure its even worth upgrading. I returned a Tivo XL at Christmas time because they couldn't produce one that didn't have the reboot error, and now I'm sitting here having lived without it for a few months wondering if I really need it. You want something to complain about, try dealing with Time Warner Cable which blocks me from pretty much ALL MRV and randomly drops out dozens of channels when the Tuning Adapter is acting up (which is all of the time now). I was hoping Tivo would produce a box that could stream so I could do MRV, but I guess I'll wait until 2013 for the Series 5 to see that.