Yes, it builds favorites. However, I believe you can display the channels there in ALPHABETICAL order, and I LOVED that feature because you were able to find a channel by its NAME. I wish they would provide such a feature with the Hopper. At lest 4 times in the last 2 weeks I was trying to find a a channel for which I knew the name, but NOT the channel number. Searching the guide was so cumbersome and I found that I had MISSED it 2 times in the guide. It took way too long and was frustrating. OK, bring back the alphabetical channel display page.