Meritline has the refurbished Western Digital WDAVN00BN WD TV HD Media Player for USB Storage Devices for $45 - $3 off with coupon code MLC170199010506NL1 [200 uses] = $42 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 2 of these, one for us, one for my parents. So far, has played anything I've thrown at it. Much more convenient than hooking up a laptop to the tv. Got mine from newegg tho.