The Apple TV -- is a compact "set top box" that makes it possible to wirelessly "stream" iTunes content -- "music, audiobooks, videos, TV shows, and movies" -- from as many as five Macs or PCs to an enhanced-definition or HD TV.
It is powered by a 1 GHz "Dothan" Pentium M -- and equipped with 256 MB of onboard DDR2 SDRAM and a 160 GB hard drive "for storing content locally". The local content are all your CDs, seamlessly synchronized from your Apple iTunes library. Configured with a 160 GB hard drive, Apple reports that the system holds up to 200 hours of video, up to 36,000 songs, or up to 25,000 photos using the same formats.
Connectivity includes HDMI, component video and audio, optical audio, 10/100Base-T Ethernet, and a single USB 2.0 port "for service and diagnostics" as well as 802.11n wireless networking.
If you have a DAC, and you have a lot of CDs, but want utter simplicity in a media server, this set up is for you. Plenty of storage, ridiculously easy to use, and only 1 owner!