I am definitely satisfied with my WDTV Live. I’ve been converting my entire DVD collection to MKV because of this guy. It has definitely been a good experience overall. Also, when cleaning the house or having a party, I’ll load up an mp3 playlist and then go into flickr and set it to randomize the last 7 days interesting photos. It’s a pretty sweet feature instead of just using the crappy WD screensaver. I wish the device played Netflix On Demand, but other than that it definitely meets my needs.
I’ve definitely run into some issues though. There are some audio sync problems on certain files. I haven’t pinpointed exactly, but it looks like MP4s and Xvid AVIs with AAC audio according to other’s reports. So it’d be nice if the device fully supported, without defect, all of the media types that it says it supports. But I can’t complain because it saved me from having to by a bluray player to get hi-def movies.
So far the files that play best are MKV with AC3 or DTS audio, and at any video bitrate (even hi def). I’ve been using Handbrake for all of my encodings.
There are some minor issues in the interface. For example, if you can’t connect to your network file share, it doesn’t really tell you something like “no file shares found” at which point it’d be time to go investigate. You’re left wondering if it’s a WDTV issue or an issue with your computer hosting the file share. Also, there’s no way to hard reset the device through software (that I know of). You have to get up and unplug the power. There are other things like no internal volume output control, a remote with very few buttons, and no power button that detract from the overall greatness of the device. But otherwise I’m very pleased so far.