It depends.
If you're American, have HDTV and a digital recorder you
can make an excellent digital recording. This is as legal as
recording on VHS-tape. If you happen to miss the air-date and download the episode, I don't see that you're doing something illegal. You're only
using a different source for something you could've done yourself.
Another example would be if you're English and the BBC, which you pay for
as a british citizen, broadcasts something. In that case I'd argue that it's
public property of all British citizens. (Same goes for German puplic TV.)
If you're Scandinavian or German and download American TV episodes right
after they aired in the US....well that's illegal I'm afraid.

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