I have the WD TV Live. It's very good. I have it networked, plugs right into my tv and I have 2 externals hooked up directly to the unit. I can watch anything, plays any format I have come across and can play huge 1080p rips without a problem.
You can get the unit for under 100$ and I have found it to be quite good. The menu's dont look totally sick or anything, in fact they are very basic but it's a cheap solution and really does the job well.
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