When we first heard about the new SageTV HD Theater, we thought it was just a smaller version of the HD100, but boy we're we wrong. The reason is simple, the new HD Theater from SageTV does everything we loved about the HD100 -- like extending HD from SageTV DVR software to any TV in the house -- but is now smaller and adds a great new twist: it will work as a standalone media streamer. Now we know what you're thinking, "great, like we need yet another media streamer." We know it, because that's exactly what we were thinking. But this is different because it will play every codec under the sun -- including MKV and H.264 -- and at the same time give you direct access to online content from the likes of YouTube and HD Podcasts -- Hulu was demoed at CES, but isn't live yet. Before you get too excited though, this wonder box isn't perfect, but you'll just have to click on through to learn all about that.

Ah, so this is a yearly treat? Almost a year to the day after SageTV's STX-HD100 HD Media Extender was revealed, in flies the unit's proper successor. The simply named HD Theater (or HD200, if you prefer), is launching for the same $199.95 and sports a slightly smaller footprint, the same remote as the HD100, USB ports on the front and rear, an Ethernet jack, HDMI / component / S-Video / composite video outputs, a S/PDIF audio port, network / local media streaming capabilities and the SageTV Media Center for Windows software bundle. Per usual, you'll find support for a cornucopia of formats (MPEG 1/2/4, H.264, WMV9, VC1, MKV, MOV, AVI, FLV, AAC, MP3, WMA, FLAC and JPEG just to name a few), and it looks as if it's ready to ship as we speak.

[Via GeekTonic]