hi guys,

im looking at buying this

http://www.computerlounge.co.nz/components/componentview.asp?partid=14944

and was wondering if anyone had any experience with it (or similar model).  basically i want to know
1. how does the 'orb transcoding' work?  Will it automatically transcode any mkv/avi/mov etc to a file the device i want to play it on can handle? eg my LG tv with DLNA, my xbox 360, my apple tv?  Does it have enough power to transcode a 1080p MKV to a 720p file for an apple tv?
2. is the QNAP better? 
3. are there issues about this device i should know about?

TIA