Tapes don't have Macrovision sensitivity. It's built into the VCR. The Macrovision encoded signal causes the VCR junk up the signal. Now, after you rn the Macrovision hack on this, you can route it through the VCR.
For me, it may be cheap (price and build), but there is no other player that can play MPEG1 and MPEG2 streams straight. Which means that I can record MPEG2 off my capture card, put it straight onto a CD and watch it. No more having to convert to SVCD, etc. The time savings more than make up for the chintzy remote.
Also, I was reading on another forum that you can pop off the colored plastic on the remote front and uncover the IR transmitter(s) and you get your distance back.