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Thank you everybody. I think I'll go ahead and jump on this idea due to the fact that when you add in total costs of software and online subscriptions, in the long run, it's MUCH cheaper. Not to mention Steam sales. I can't tell you how many indie games I picked up on Steam for $2.50-$5.00 that were $15.00 on XBL or PSN. Software on AAA titles are alot cheaper as well.

What I'd like to do, is basically build a great media hub for the living room. Something that can do it ALL without a paywall. Blu-ray, DVD, Netflix,gaming, Youtube, torrents (for new TV shows) and also serve as my main PC for everything else. It really is an incredible bargain when you think about it.