Along with being able to stream from PCs and networked storage, the WD TV Live Hub can pump content to any DLNA/UPnP-compatible TV or multimedia device, such as game consoles. I/O includes HDMI 1.4, composite/component video, optical audio, two USB 2.0 ports, and gigabit Ethernet. Unfortunately, there's no built-in Wi-Fi, so you'll have to buy an optional dongle if you want wireless network connectivity.
The WD TV Live Hub ships with a remote control and a one-year warranty for $200, which isn't too bad all things considered. Desktop Review thinks the device sports a 1TB Western Digital Scorpio Blue, and that retails for $120 alone. The site has reviewed the device, giving it four out of five stars.