But before you get too excited, it doesn't handle Flash.
Network media players must be cheap and easy to build; they're coming out at an impressive rate. Viewsonic's NexTV VMP75 doesn't exactly offer anything new, but it can do just about everything you need it to.
For starters, you can play just about any movie file you've got with it. It handles H.264, AVI, MKV and DivX, and a range of audio files as well. And you can get that content from any networked device in the house, or through an attached storage device.
The VMP75 plays back files in 1080p, and offers an HDMI port to hook right in to your television. But of course, you can send audio out through the S/PDIF optical port as well.
There's no WiFi capability built in to the NexTV, so you'll have to plug it in via Ethernet, unless you pick up the optional adapter.
It streams from the net too. Netflix is at the top of the list, but you can also get content from YouTube, Live365.com, SHOUTcast Radio and more. You can even browse the net, but sadly there's no flash capability.
The NexTV VMP75 is up for pre-order on Amazon now at a price of $129.