I think I found my answer, Yes... (Thanks Google)..
Being that dd is dangerous command, I would like to bounce what I plan on doing on a tivo/linux expert as a sanity check and in hoping to keep my wife from neutering me if I blow up our tivo...
1. Start Netcat on my PC.
nc -v -p 30000 -l > image.gz
2. Fireup DD on the TiVo and pass it though gzip to netcat on the PC
dd if=/dev/hda9 bs=1024K | gzip -c | nc -v IP_OF_PC 30000
MOD if you think this belongs in the newbe category feel free to move it.