I only glanced through this thread and it seems you are interested in some form of HTPC, which is what I thought I needed. So I build one. It has been just fine, but I had to find a way to turn it on remotely, and then navigate to folders, etc.
I recently bought an Asus O!Play. It does everything I need it to in the living room. Actually, I will be moving the rest of my PCs around, because I have found I don't need the HTPC in the living room anymore.
The Asus has the ability to hook up to a network. And has USB along with eSATA connections. I am really happy with it. It is entirely capable of 1080p and I have not found, or heard of a codec it does not have. Firmware upgrades also add future functionality, ofc.
http://www.amazon.com/ASUS-Play-Medi.../dp/B002MCZJ3C
Or
http://www.newegg.com/product/produc...82E16815293008
I paid $87.99 w/ shipping and a free HDMI cable right before Christmas.
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