Technically, I have more than one...
I have a PS3 and an Apple TV. I also have an HD HomeRun and EyeTV. I don't use the PS3 for any streaming.
Since I have other Apple devices, it made sense to get the Apple TV (2nd gen). I store all of my movies in iTunes and it serves the content to my Apple TV flawlessly. So well that my kids want one connected to the TV they watch.
I currently have DirecTV service, but am testing out the HD HomeRun/Eye TV setup as a partial replacement for my DirecTV service. EyeTV works like a DVR, recording over-the-air HD content that the HD HomeRun gathers from it's antenna connection and serves over the network. The EyeTV software makes it possible to watch live TV on a Mac, record TV like a DVR, watch recorded TV on an IOS device, and, with an IOS app, even watch live TV on an IOS device or watch TV remotely (away from home). The EyeTV software can automatically export recorded content to iTunes so that it will show up on the AppleTV menus. The only shortcoming is that the export process causes a delay in the availability of the show. It's about the length of the show--e.g., a one hour recorded program is not available for about an hour after the recording *ends*.
Since not all of my shows are on regular TV, I will probably still need to purchase some shows on AppleTV. But, compared to my monthly DirecTV bill, I still expect to come out far ahead.
In my utopian world, there is a service where I can subscribe to specific channels a la carte and the content is available streamed over the internet to my TV or streaming device. I then buy only the channels I actually want. In this model, 75% of cable channels would wither away and die because nobody would watch them.
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