The stick, which runs Jelly Bean and packs 4GB of storage, plugs into any HDMI port and uses baked-in Wi-Fi to provide access to the likes of Netflix, Hulu, Epix, YouTube, and Pandora. It comes as standard with a full internet browser, but because it runs Android you can download anything from the Play store, too.
The stick also lets you stream media wirelessly from another computer elsewhere in your pad, though you have to use a proprietary MediaSHARE app. And it does only cost $50. More here.