Looks like Western Digital has entered the world of HD media streaming. The WD TV HD Media Player is said to “turn your USB drive into an HD media player, allowing you to watch your favorite HD movies on your TV.” So, basically it lets you plug in a USB hard drive and play multimedia clips up to 1080p on your HDTV via HDMI/composite outputs. Comes with a remote control and browsing software. The small 1.6- x 4.9- x 3.9-inch box is pretty portable and the $129.99 price doesn’t hurt too much.

Online movie rentals are one of the most convenient ways for movie fans to get their favorite films without leaving the house. The catch is that many of the newest releases aren’t available for streaming rentals. Netflix offers a streaming on demand library of 12,000 movies and TV shows to its subscribers.

Several hardware devices will allow Netflix members to access the streaming content including the Xbox 360 and some DVD players. Netflix and TiVo announced today that TiVo DVR subscribers would be able to access the streaming content library over certain TiVo DVRs.

Netflix has proven to be very successful with its online movie rental service. Netflix also offer subscribers a streaming instant movie service that allows users to watch movies on the PC or TV with appropriate hardware.

The problem for users on Mac computers that are Netflix members is that there was no streaming media player for the Mac. Netflix has now announced the latest version of its instant watching service based on Microsoft Silverlight. The new player will allow users on Intel-based Mac systems to enjoy streaming titles.

This concept is designed by Ashley Payne and called the Zune Bug. Think of it as a low-power light source that can stream music to guide you in the dark. Like an update to the classic night lite that’s been used forever to scare off monsters. It sports a light sensor, will turn on automatically in the dark and it will even change color depending on the mood of the music that is being played. I wouldn’t be at all surprised if we see something like this go into production, minus the Zune aspect.

Not sure how much we are willing to believe this, but AppleInsider has found a patent that apparently shows music over the internet streaming to your iPhone and iPod touch. You wouldn’t have to sync content to your device. Instead, you’d sync only the metadata and stream whatever you wanted direct from your computer. Like i said, we aren’t sure if we’re buying this just yet, but it’s interesting. My guess is that there may be just a smidgen of truth to this, but we’re missing some kind of important piece of info. While you’re waiting on this, get an iPhone arm.