(MONEY Magazine) – Philips' new DirecTV/TiVo-powered receiver (DSR708) is a great gift for TV fanatics. For $299 (plus $33.99 and up a month for DirecTV and $4.99 a month for TiVo), you get the double whammy of DirecTV--up to 225 channels--and TiVo, which allows you to rewind or see an instant replay of live programming and record your favorite TV shows. It's the only dual-tuner (so you can watch one program and record another simultaneously) with a 70-hour memory on the market. But the best part is the money you save: Bought separately, comparable components alone will run you $349 for a TiVo box and $129 for a DirecTV receiver. Look for it at www.philips.com in September. --STEPHANIE D. SMITH