The Arctic MC001-BD HTPC will run you $600, though a good percentage of that cost is the BluRay drive and Windows Media Centre.  The system its self is a mere 5mm x 275mm x 161mm and contains a dual core Intel Atom D525 @ 1.8GHz, up to 4GB of DDR3 and most importantly either a Radeon HD 5430 or 5450 to ensure HD playback is smooth.  The connectors are quite comprehensive, on top of five USB 2.0 plugs you get a pair of USB 3.0 ports, along with ethernet, HDMI, VGA, optical S/PDIF port and the 3.5mm audio out.  The integral IR detector is a perfect touch to ensure you can control the HTPC with a remote.  Head to Benchmark Reviews to see how this machine does when put to the test.

"Home entertainment is quickly changing, and computer technology has become integrated with the personal space. Data storage and playback is becoming more diverse and streamlined by the second. More and more entertainment can be found on the Internet; TV shows, movies, music… the list goes on. To keep up with the demand for instant entertainment, manufacturers such as ARCTIC are designing devices that are ever more sleek and quiet, usually with an array of features to keep the consumer content in their own personal empire. If you are looking to update your home theater with personal entertainment devices, or simplify your leisure time, there are many new Windows Media Center devices emerging on the market. In this article Benchmark Reviews tests the Arctic MC001-BD Entertainment Center with Blu-ray player to see if this Microsoft Windows 7 Home Premium HTPC can combine the benefits of personal computer with multimedia streamer."

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