The MediaGate MG-M²TV should be a pretty versatile media player. The little box packs quite a punch and is compatible with a whole bunch of video formats including AVI, WMV9, MKV, Xvid, H.264 and RealVideo.

The MediaGate MG-M²TV will also playback your music and image file fomats easily and even offers subtitle support for watching a foreign movie. If you want to use your HDTV to it’s full potential, you can output video and audio to your HDTV at 1080p resolution via HDMI or component.

MediaGate said today it is releasing for public consumption its latest wireless media server for home entertainment and networking. It is called the MG-450HD and pricing is set at around $230.

The MediaGate MG-450HD is designed to let you bring video, music and photos directly to your home entertainment system from a network PC in, here’s that buzzword, HD. It can operate across 802.11g wireless networks and supports attached USB devices like digital cameras.