You can hookup the antenna directly to your TV if you don't plan on recording or you could always go with a Tivo box and be able to record. I just ordered a HDHomerun for my setup... If it works out I will be ordering one more.
I just browsed through the manual and it looks like it will work to me for analog stations... If you are looking for HDTV channels (ATSC) I didn't see any mention of them so I would say no to HDTV channels. Where you planning on HD or analog?