At first glance, gonk, this appears to be a true 4 x 2 matrix. On examination of the manual it appears to be a 4-input splitter with two destinations.
The manual uses the term "mirrored". Additionally, unlike the Monoprice's 4x2's remote the Gefen remote appears to not allow output to two locations. Actually I'm now not sure the Gefen 4x4 does othr than mirror, though I'd check before buying if I could afford that cost.
Regarding buying separate sources for that TV: yes, you are correct, though the planned upgrade to HD-satellite only includes one receiver, thus it is desirable to send the signal to one or both TVs.
Thanks for your "input"
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Living Room:
5.1 Surround and 4channel inline room
990/7700/6-KEF-107s/LFM1 x 2/ SMS Awaiting Trinnov
Millenium dts decoder;Digital Director
Players: Tascam CD01U/SonyCX455 x 3/DV955/BDP83
Old Sony 60" SXRD TV
Zone 2 (also liv-Room: listening to music while Mrs watches TV): Crown SL2 preamp/D40 Amp/Stax Headphones
My "Man-cave":
4 channel-only inline room. No TV (thank heaven)!!!
990/755/4-KEF 107s
Tascam CD01U/dts decoder/digital director
Alesis 16x4x2 mixer
Recorders Alesis HD24/ML9600/Crown CX844s/SonyDAT/Tascam DA38
Ham Radio Shack (KB1STH) ICOM/Yaesu/Drakes x 3