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Which media player?

I'm looking for a device to plug in to my existing setup to allow me to play media files straight to my TV.

The requirements I have are as follows,
  • Play as many formats as possible
  • Preferably connect via HMDI
  • CHEAP!
I would be looking to connect this device to my AV Receiver and play media files through my TV.

I have an XBox 360 and a PS3, both support media extender options and go some way to playing media files too. However they are both a pain in the backside to get working at times and can be quick picky about what file types they play.

If possible being networked would be nice to allow for simply FTP or similar style of uploading. However if this whacks the price up I'm happy to have a physical upload method required.

Any ideas?

(By cheap I mean under £100 and around £50 max if possible as my other half has got upset about my toys in the living room and wants me to cut down my spending)

Thanks :)

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