This sounds cool, I would actally look at doing this even for 1-3$ a episode so I didn't have to buy a TiVo. But I own one, but when I miss a show it would be a great way to catch up on a series that I start mid-season.

From gizmodo
CinemaNow to Offer Television Episode Downloads

filed under Portable MediaCinemaNow is set to complete a deal with most of the major television networks (only Paramont/Viacom is a hold out) to provide per-episode downloads of television shows—maybe even before they hit DVD. Up to this point, CinemaNow hasn't had much success (by my estimation), namely because it takes so long to download a high-quality, two-hour movie. People are probably more willing to accept a lower-quality video file for television, though, especially for something like a 30 minute sit-com. The real question will be price, of course. $1 to $3 sounds about right for an episode (especially if we don't ever have to buy that copy again to download it to different devices), but as is typical with legal download services, it'll probably be more expensive than buying the real-world media option (in this case, DVD Season Packs).

CinemaNow Unveils a New Chapter in Television Viewing