So, few hours of playing around and it's exactly what I wanted.Lemme know how the WDTV works out.
It's even streaming HD Netflix with no problem which I was never able to get before.
The android (and ifoam) smartphone remote control is damn good too.
Also being able to view YouTube videos on my phone, click one button and it sends the video to the tv is very cool.
Also supports DTS and Dolby via optical out, sounds sweet.
Best $120 I've spent.
/nerdout.