I got this at sears when it was $65, it will be on sale again, try walmart if amazon doesn't lower price. It plays all my discs and most of my multimedia files. It will not play wmv files and doesn't seem to like my AAC files (plays MP3's okay), but will play H264/mov files if you rename them as .mp4, a common trick with these cheaper players. It powers my two external portable hd's and will play one of my two pen drives, but not both. Its upscaling of 420p material from the usb side not as good as my WD or my PS3, but plays native 1080i/p files with very impressive results.
It does have the BD live function if you want to plug a pen drive into it since it needs external storage. It has limited internet options right now, who cares about accuweather? LG updates their firmware online and my other LG equipment has seen third party hacks that improve it so I look forward to when this is hacked to provide either Netflix, or better yet Playon support.
It did freeze on me at least once as other reviews have noted, have to pull the plug to reset it.
Only 4 stars since it did freeze for no good reason, and I too will need to keep my WD Media player for awhile, but it this had netflix would have given it 5 stars, as for the price it just can't be beat. I will update when I have played with it a bit more, only had it the week so far.