Thanks for your replies.
I will check with my friends who have DVB-S cards how fast the switch is and how to mitigate it.
The power consumption is not that bad if taking into account shutting down and booting up the system when needed. Now, with more information and having read the forums, I am decided for Ubuntu + MythTV.
I respect Dreambox Multimedia for their work, however, I would rather expect the system to be more open, tuned, stable, and way more powerful. The performance of the CPU, memory and solid-state disk isn't something I would jump on. The heating problem is really discouraging, especially if you have little children. If I am to pay big bucks for the product, I want to have it perfect and yet open to extensions. Something like Asus routers (e.g. WL-500g Premium).
I would welcome a ready-made appliance packaged with a good processor, memory and solid-state disk running MythTV with Dreambox extensions. This would be my dream, working out-of-the-box.
Best regards,
Seff