Neowin.net reports that Project Dreamix will turn the Microsoft Xbox into the ultimate home entertainment center. Right now we are in the alpha phase of course, but below is what we plan to complete before Beta release:

PVR Features (Scheduled recording, fast forward, rewind, pause Live TV) Video Playback (Based on Linux MPlayer - all popular file formats) Audio/Music Playback (Based on Linux MPlayer - all popular file formats) Image Viewer (Slideshow + Photo album) Setup Menu (All configuration will be done with the Xbox controller and/or DVD Remote with the use of a graphical keypad)