The TV antenna goes into a HD Homerun ethernet tuner which is plugged into the router. All computers in the house and the laptops get TV through the router. The TV in the living room has it's own computer. The computer has a 24/96 sound card that feeds a 125 WPC tube amp which goes into 15 inch OB speakers with 96 db sensitivity.
The only application that requires anything above a Core i3 is Overlouds TH2, a guitar amp processor and simulator. Plug the guitar into the PC, dial up your favorite vintage amp and stack, and really annoy the neighbors with 250 watts. Any mid range video card can run two TV's in 1080 HD via HDMI.
The PC can DVR the usual crud that flows from network TV. It can also play the HD videos on Youtube. The tube amp can reproduce the live Metallica concert in HD with realistic volume levels....except for the pyro.
The audio and video from the cable box is heavilly compressed by Comcast and doesn't compare to OTA quality. Ditto the audio outs from a 5 year old Sony TV.