We're seeing a sort of Wal-Martisation of this world - Pundit on BBC Radio 4
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I would say that this is a good try to enter the media player market, but most likely is already doomed from beginning.
At least those customers who like their HD material and want the best can get the WD TV for the same money with HDMI output.
Bought resently the WD TV and must say that I'm positively surprised. The device just plays about everything and menus are logical. 1080p support just simply rules.
If Seagate wants seriously to enter the media player market they should come up with HD capable device quite soon. H and D are the letters of the day.