The Icy Box IB-MP301 HDD Media Player is being sold as an alternative to a full HTPC.  With support for up to a 500GB drive, an RCA audio jack and both RCA and VGA video outputs, it is certainly slimmed down as is the price, with a MSRP of about $100, but don’t expect it to act as a PVR.  If that piques your interest, read to full review at Overclock3D.
“Looking for easy access to your MP3, video and image collections via your TV without the need for an expensive HTPC setup? Maybe Icy Box have the answer with their HDD Media Player.”

Here is some more Tech News from around the web:

Audio Corner