Yes, and more! In addition to enabling you to pause and resume a channel you are watching for up to 2 hours. (If an external hard drive is connected your DVR+ or if you have a (CM-7500TB1)). It automatically starts to save everything as soon as you tune to a channel. So, as long as you don’t change channel, power-off your box or put it into stand-by you can rewind for the length of time you’ve been watching a channel, up to 2 hours.
Please see the User Guide or Getting Started for detailed instructions.