Basically any TV Card that works with non-porprietary software (i.e. VirtuaDub, etc), should work in RR .. there's a whole FAQ on the subject. That card should be ok for TV, but you have to check Radiator's site about the FM support..
EDIT: Have you looked at the requirements for that card ? 2.4Ghz -- are you kidding me ? I could probably get 2 cheap *** ATI capture cards and Encode 2 Mpeg4 videos at the same time on a 2.4 Ghz machine..