The HDR Fox T2 will be able to record HD programs, it would be pretty pointless to market an HD PVR otherwise.
I think the box will also copy to a USB hard drive in the same way as the Foxsat equivalent does.
As I understand it, the copy protection abilities of Freeview HD have not yet been implimented but even if they are, you are almost certainly likely to be able to record onto the HDR in high definition.
Most programmes will be 'copy once' - the setting that enables the Panasonic PVRs with Blu Ray recorders to burn a disc. Some like movies may be 'prime record only' so you cannot take a further copy of the file.