So wait that Pseudo streams live tv channels? HD?
Nah, it takes your media as well as some streaming services like 1channel and makes it feel like its live. You switch through the channels and movies and shows be at different points of the video. It auto categorizes whats played on preset channels based on the category of show or flick (Family, Horror, etc.). You can also customize the channels in whichever way you like.
This script for XBMC gives you the ability to define your own TV channels and watch all of
your media just as you would watch normal cable. Use the electronic program guide to see what's on, or to start watching anything you see. Setup your own list of channels by configuring the addon and opening the channel configuration utility. You will be able to select from a variety of built-in channel types, or you can select a smart playlist that you've made to be a channel.
what if i want a stream only machine? like i want something only to run XBMC + NETFLIX , dont care about addin my own media just want to use online sources , what are my options ( minus a jailbroke apple tv )
http://forum.xbmc.org/showthread.php?tid=105965&pid=843683#pid843683
Note for Netflix streaming you either need a Windows based device or some other shyt Netflix officially supports due to DRM.