Here a link with better description:
[Link: vecima.com]Yes it is a multi channel NTSC modulator, that has the ability to tune in 8QAM channels (with up to 36 individual channels in those QAM allocations). It has slots for 6 cable cards to allow the authorization of those channels.
I do not know if it can handle HDTV cable channels, that isn't defined anywhere that I found. But none the less, the output to all the TV's & video displays is NTSC (no HDTV).