Note: The LifeView tuner you listed in your question clearly supports doing what you want, but as near as I can tell is an "announced ... but not yet available" product.
LifeView does, however, have a dual-tuner PCI-e card (note this is NOT a PCI card, so your system must have an available PCI-e slot) that has dual analog tuners and comes with software that supports watching two programs at the same time ... either in a PIP windows or in two independent windows. This product, the "LifeDuo TV" card, is available now directly from LifeView: http://lifeview-usa.stores.yahoo.net/lifeduotv.html
The FlyTV Express X1 MST-A2M card you referred to has dual digital/analog tuners ... so once it becomes available you'll be able to watch two channels at once regardless of whether they're analog or digital => a very nice feature ... but I can't find any indication of when this card might actually be available.
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