This Media Player

NewEgg.com has the Mvix MX-780HD Wireless Hi-Def Media Player w/HDMI for $320 - $30 rebate = $290 with free shipping. It can directly play DVD ISOs saved to a hard drive. Outputs up to 1080p High Definition.

Product description from NewEgg.com:

Bring your entertainment center into the 21st Century. Bring your computer into your entertainment center. This isn’t a network storage device with ambition; it’s a full-fledged multi-media center that can live on your network! Connect as a hard drive, or to your wired or wireless network, it’s capable of playing video in 1080p High Definition, as well as audio files. Think of it as an audio/video jukebox that your computer network can update !
as easily as you update your current MP3 player. Display your BMP/JPG/PNG images as a slide show, video with subtitles, DTS decoding; it has everything you need except a tuner! NTSC, PAL or Auto. Connections galore with HDMI, component, composite, and S-video, and audio has optical, digital coax, RCA 5.1 and RCA analog to meet your needs. The local hard drive means you aren’t limited to video streams competing for their place on your network. Check out the specs for the numerous audio and video formats and codecs supported. You won’t regret checking this one out!

Product link.