WD has been in the business of making external storage solutions about as long as external storage has been around. The company has also been wrapping its storage tech into products like media players for a while now.
The new WD Elements Play has been announced and it packs its own internal HDD for storing media directly. The Elements Play device comes with 1TB or 2TB of storage. With that much storage, it's more like an external hard drive that has connectivity for a TV built-in.
That connectivity is for full 1080p resolution using component and composite connectivity along with USB 2.0. The device measures 1.6" H x 8.9" L x 5.9" W and weighs 2.31 pounds. The device supports DTS 2.0 digital sound and has a HDMI output as well.