I bought 2 of these off of Bestbuy.com's website (fearing that it would go out of stock) then dropped by about 3 different Targets and CompUSA stores. No players were found but my local Walmart had one left...so...naturally I bought it (yeah, I just can't wait). Now I have 3.
Well...not to disappoint people's hopes in this product (it is a great product, especially at $70) but I was unable to properly play half of my video collection (contains DivX, Xvid, OGG, and some WMV).
Read closely and you will find that it supports a wide array of formats, unfortunately it doesn't do the latest version of Xvid, any type of OGG, and does not do SRT subtitles (or any other external-file-based subtitle formats). Most of my stuff are foreign movies (Kdrama, HKdrama, etc.) and most of them use SRT subtitles. Also, many of the new ones are encoded using the latest version of Xvid, which this player does not support, yet. The good thing is this player is Firmware upgradeable. There's already a firmware update for it but it doesn't contain any new codecs. I'm waiting for another firmware to be released with the latest codecs.
Other than the complaints above, this is a great multimedia player (not to mention solidly-built). The only other player that can beat this unit is the LiteOn 2002, which is so hard to find now (PCClub used to carry it).
Oh, and one other complaint, the internal drive is a little noisy.
...and I'm returning 1 out of the 3 units that I bought. Don't need a third.