If you can't afford the new Windows XP Media Center edition, why not grab yourself a modded XBox, and check out the XBox Media Player 2.0. The official site has some screen shots and previews. I am sure Gates will be real upset about this one. Somehow $300 for an XBox setup is cheaper than the $2000 XP boxes.

Update: Ooops just click on the picture to warp2... Xboxmediaplayer.de.