Eric,
You have no idea how much I would live to see a PSM-1 in the flesh!!! It was your goodself that first brought it to my (and others) attention over a year ago and its hard to believe that it hasn't received the recognition it truely deserves.
The fact that those who have seen it or have it compare it favourably to HTPC makes it low take up rate astonishing considering its how cheap it is. Like I said above, early bad press and a distinct lack of interest by the media (come on HCC!) meant low sales. Lets hope the PSM-2 upgrade (and the stand-alone scaler version) redress the balance somewhat.
Having dabbled in HTPC, I look forward to comparing the two directly (hopefully within the next 2 weeks if Frank Dorhoff gets his finger out!). Can't wait!
All the best,
Paul