Big ole mess
Though a change is pending this week - Hauppauge PVR-350 will be replaced with a MyHD MDP-130.
No, no impressive wire management, just a few velcro wraps. Air gets where it's needed though.
And I'll put in a plug for
these Enermax Marathon Enlobal 120mm Magnetic Bearing Fans, Model: UC-12EB. They don't push a whole big lot of air, but they are QUIET. The specs say 17dB, and I think that's accurate. I look forward to future designs with this kind of bearing. They say that the fan blades are removable, as the pic shows. Press against the back, and it should be a bit easier to pop out.