I can't find the "Time-Shifting" feature on PowerVCR II 3.0 from the main feature bar. Is it available with version 3.0?

Yes, but is is turned off as a default to make the user interface simpler. PowerVCR II 3.0 still has the "Time-Shifting" feature, but you must turn this feature on by following a few steps:

1.Be sure you are in the "Live/Digital Recorder" mode.

2.Click System Settings.

3.Click the "Recording/Advanced" tab and in the "Advanced Options" section, click "Enable Time-Shifting Playback when recording".