I don't have any Windows Media Center setup, only a Windows Home Server that shares the media (Pictures, Music and Movies). Will a Xbox 360 be happy streaming this content from the WHS?
As far as I know, the Xbox 360 could act as a Media Extender, but that requires a Windows Vista/7 Media Center setup, but this is not what I have.
Edit: This is meant to be a replacement for an old Xbox classic. No interest in other software and/or hardware alternatives. What I'm really asking is; given a Xbox 360 connected to a Windows Home Server share, what features will I be missing compared to as it being a Media Center Extender?