eBay with eCost has the refurbished Western Digital WDAVN00BN WD TV HD Media Player for USB Storage Devices for $38 with free shipping.
Full HD 1080p video playback and navigation from USB storage devices
HDMI and composite video interfaces for easy connection to a TV
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I have one of these and the HDMI port works every now and then, the 1080p and blue ray playback is great but don't expect sound unless you have an optical sound player. Other than that works great I use it all the time.
I have one, too, and use the HDMI port. Works for me. Bought it from the WD Store and the first one died with days left on warranty (refurb.) They replaced it promptly. No problems yet with the replacement. Just ordered a "Live" model from Newegg.
#1 This supposed to use with HT receiver. I don't think anybody will expect sound from this unit.....
Its been addressed in the Live version (they paid for DTS license) which only $7 more than this ship if you got 2. I jumped.
Live is much better than this molase interface. So is the start up. If I load my custom remote code its take whole 2 minutes, not long but enough time to kill your enthusiasm for a movie sometimes.