This set top box doesn’t work with your cable operator, it won’t DVR the latest episodes of House for you, and it isn’t licensed to work with NetFlix to stream movies to your TV. It will however allow you to legally, or illegally, download and play any and all video content you want.
Sadly it doesn’t yet support MKV files, but it supports MPEG2, H.264, WMV, and DivX media files. Plus, since it uses more open standards than most set top boxes, a firmware upgrade adding support for more formats might not be entirely out of the question.
It outputs via HDMI, composite, S-Video, or SPDIF and can be connected to your network via Ethernet or WiFi. After you get everything setup and connected, simply point the BitTorrent client to a torrent file and you are off and running filling up your 80, 160, or 500GB hard drive which is inside this box. There is also a USB connecter on the front that could presumable be used to transfer files or expand the storage if necessary (and it would be).
The best part is although this box is completely open to use in less legal methods, they also have BitTorrent, the company, and the protocol, on board with all of their legal content providers and they are to announce more legal content providers this week at NAB. No word right now on how much the various versions of this box will cost, or when/where it will be available, but they are partnering with ISOHunt which can be used on the box, and if you are a member of the site you’ll also be eligible for a $25 discount, and they are working with other trackers to add a “send to Myka” button to make things easier.