I grew up with analog televisions - there was no latency and it was very forgiving of atmospheric noise. When I first got Tivo, I thought the latency made it unusable (until I realized that I was no longer flipping channels, but rather navigating to content..)

On the other hand, flipping channels led to serendipitous discovery - a cooking show that I would never have found interesting might spark something, or a news show presenting other points of view.

Latency, god yes, that drives me bananas. Mechanical tuners, push buttons, dials all responded immediately.