Newbie here. Considering building a low cost music only media server. It should be small form factor with low power consumption, remote control and HD audio (S/PDIF). Currently archiving my CD's in both WAV and FLAC. While Zotac's IONITX mobo (atom 330) looks like a promising foundation, I'm open to ideas. It will run Vista initially then upgrade to Win 7.
Might be a stupid question, but do you own a PS3 or XBox360 (or even old XBox that can be moded)? If so, it could be easy to just add a NAS with UPnP support to your home network and play your media files that way.
Not as DIY as you might have hoped, but it might save you $$$ toward that big 1080p TV and full HTPC .