Jump to read about the cash awards.
YouTube or Google video Browser.
Flickr Photo Browser.
Implement a wireless remote using a WiFi PDA (or PSP) as the remote.
TiVo style functionality for radio. Hook up the OSD to a FM/AM or Satellite receiver and do timed recordings or FF/RW and Pause Live Radio.
Voip on the OSD. Plug a USB phone into the OSD and make calls without touching any of your PCs.
It's a beta launch, so only 200 of the units are available from Think Geek. $160 after rebates.
Neuros OSD Hackable Linux Video Recorder [Think Geek]