Well I have been looking at media players for a while now, and have found the only player that plays all the files out of the box is the WD TV live($99 free shipping).
I was kinda looking at the hard drive version, but it is an extra $100 for the internal 1TB drive. You can hook up an external drive via USB(I know more clutter), but it would make the drive more backup friendly. Another reason for my choice is the available hookups. It can do composite, component, and HDMI. It also has analog out(not the best I am sure) and an optical out. This would be nice for playing my media files off my puter wireless. It would also be very convenient for me to pack it up and go over a friends house with my whole audio and video collection. I was going to run two cables for digital and composite(I only have composite on my TV), but the run would require about 40 feet of cable. The digital I am not worried about, but the video I had concerns. Anyone have experience with WD TV?