eBay with Centrix Intl has the refurbished Western Digital WDBHG70000NBK-NESN WD TV Live Streaming Media Player for $59 with free shipping. Features built-in 802.11n Wi-Fi, 1080p output, Netflix, Hulu Plus, Spotify, and Blockbuster streaming, and supports most file formats including MKV, MP4, XVID, AVI, WMV, and MOV via USB.
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These things play pretty much every file format you throw at them.