It is absolutely great to be able to stream live tv to the iPad. Although this app only adds EPG and scheduling functionality when compared to Safari access.
I would like to see more features, like being able to browse EPG in a more natural way (like timeline view in the mac app), or to schedule recording while watching the program, or to schedule converting from the iPad, or to watch live converted streams, or to rewind/fastforward by set amount of time (slider is not exact enough).
Oh, and the worst problem with the app: max volume is way too low! Have it set on max all the time, but still need completely silent environment to watch tv comfortably.
Also, I use AirVideo to watch recordings, because eyetv does not remeber where I stopped watching last time.
Yrk37 about EyeTV