For generic (non-UK) TV, the best value for money and most number of HD English channels can be had currently with a Maige TV box. HKD$2200 for the set top box from Ap Liu Street in Sham Shui Po. It includes one year of service, after that is RMB499 per year to recharge the box. This is many times cheaper and many more channels than both options above, but doesn't have most of those UK specific channels. Can recharge via paypal (normal Visa/MasterCard) on their website. In total there are now 356 channels and I would guess over 100 English channels. Also Chinese, HK, Korean, Japan, Taiwan channels. It has heaps of TVB Channels including Bein Sport to show the 6 nations that Grunty was having a whinge about on the Setanta thread.
http://maige.tv/
I'm now cancelling my NowTV because my contract is up this month. I called PCCW on the phone last night to terminate and those bastards said I can't and I have to do it in a store, I asked them to email me a PDF but they can't. I asked them why I cant cancel over the telephone or email since they are a telephone and internet povider they should adopt their own technology but they refuse. I know they are just making it a bit difficult to terminate and I was just playing games with the girl on the other end of the phone. But I still got her name and staff number and if the damn store tells me I have to do it over the phone I am going to launch a verbal attack on them. It should be fun I almost hope they do