A multimedia signal processing system allows a user to store selected programs while simultaneously watching or reviewing another. The system includes an input section and an output section. Across all configurations, the output section remains substantially the same, while the input section varies according to the signal type and the source. The system receives a digital stream and simultaneously processes the digital stream for display and stores the digital stream on at least one storage device. The system further simultaneously processes a previously recorded digital stream for display while processing the digital stream for display.