Elgato (http://www.elgato.com) says its HDHomeRun PRIME App for iPad 2 is available on the App Store. The App works in conjunction with the Silicondust HDHomeRun PRIME line of CableCard-enabled network tuners, enabling users to stream and record live premium cable TV on the iPad 2.

The HDHomeRun PRIME App enables viewing and recording of live cable TV anywhere in your home’s Wi-Fi network. The HDHomeRun PRIME device sends the TV signal straight to the HDHomeRun PRIME App, so there’s no need for the user to turn on a computer. In addition, the app lets the user record programs directly to their iPad with the option of transferring those recordings from the iPad 2 to a Mac or PC.

Elgato’s latest solution streams cable TV “copy freely” channels to the iPad 2. Users with Verizon FiOS or Comcast cable television have a particular advantage, since the majority of channels from these providers are sent with a “copy freely” flag, according to Adam Steinberg, Elgato’s vice president of marketing. Users receive all the unencrypted digital cable TV (Clear QAM) channels offered by their cable provider.

The HDHomeRun PRIME App is available for the introductory price of US$17.99 from the Apple App Store. The HomeRun PRIME (pictured) is available for $249.99 from http://www.hdhomerun.com/products/hdhomerun/prime .