This smells like the best cost efficient device to use as a media center for the living room. Cheap, put Ubuntu on it for VLC. Leave it on and plugged to your big screen tv 100% of the time. Use my main laptop on my couch to store files via lan, and remote control it.
Is there any better alternative to this? Today I just plug my laptop in and out of the tv when I want to watch, and use my tablet as remote control. I have a xbox, but it's so bad compared to having full vlc. I would pay 250 to save me the trouble of connecting my laptop to the TV. It would be the perfect setup of my dreams.