Western Digital has launched its latest media-streaming device, the WD TV Live Hub. The set-top box offers 1TB of storage as well as support for full 1080p HD playback in popular formats such as MPEG4, Xvid, MKV, H.264 and MOV. The pre-installed software provides access to web video courtesy Netflix (which just got a little cheaper), Blockbuster on Demand, and YouTube, as well as other services such as Pandora, Flickr and Facebook.

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.