The marketing blurb says "Supports the widest range of video file formats available including QuickTime MOV and other popular formats such as DivX and MPEG-2 files." Surely it must be able to convert .Tivo files to other formats since Creator and MyTVToGo can. If so, I can't find it documented anywhere.
EDIT: just realized I posted this in the Mac forum. I was asking about the Windows version.