The Neuros OSD operates as a media recorder and player. When you connect the OSD to your TV and give it an analog video input from your cable box or DVD, it can encode video in different formats for your portable devices like mobile phone and PSP.
The files can be stored and played either using a USB external hard drive or media cards plugged into the OSD. However, the really special part about the OSD is its many ports and the totally open source firmware. You get analog video/audio input and output, ethernet, infared, serial, USB, two card slots to accommodate CF and SD/MS/MMC cards, plus a universal remote. Retails for $179.