The Boxee Box Wins
Jon Hicks evaluates the Apple TV and the Boxee Box for his living room media needs and finds the Apple TV lacking. I would agree, but even better I think would be a Mac Mini running Boxee or Plex, using my now-unused iPod Touch1 as its remote control. The Mac Mini would also be able to run Hulu Desktop,2 which would be really nice to have on the TV.