If you've been thinking about picking up an Android-powered mini PC on the cheap, you might want to check out the MTB025.
This little PC-on-a-stick runs Android 4.0 and is equipped with a Wondermedia WM8850 Cortex A9 processor paired with 512 MB of RAM and 4 GB of flash storage.
One of the best things about this Android-powered uber-mini PC? The price. Yes, you can pick it up on Pandawill for just $40 - which includes international shipping. The specific version of Android the minicomputer runs is 4.0.3 (Ice Cream Sandwich), with the processor clocked at 1.2 GHz. Graphics are rendered via ARM's Mali-400 GPU.
The mini PC also features a microSD card slot for storage expansion, along with an HDMI video output for connecting directly to your TV. It supports common video formats including AVI, RMVB, MKV & FLV, along with multiple audio formats such as MP3/WMA/WAV/APE/AAC/FLAC/OGG.
Additional specs? Integrated Wi-Fi and a USB port. For the above-mentioned $40, the device is also packaged with an HDMI cable, USB cable and a 5V power cable.
If you are looking for a more traditional set-top box, you might want to check out the MTB024. It has virtually the same hardware packed inside of a set-top box form factor -priced at a cool $57. The set-top box also boasts 1 GB of RAM, an Ethernet port, and an additional USB port.