I really want an iMac. I really want a flat panel TV. Then it came to me, why not a $450 Olevia, then get an $800 Mac Mini (1.8 GHz, 1GB RAM, wireless keyboard and mouse, etc.) and then an eyeMac for $150. The Mini effectively becomes a media center for the 27" television.
The eyeTV is a great tool! You can use it with any Apple computer (running OS X of course) and play, record, pause--just like a DVR-- with full Front Row integration. You can take a peak here. It's so awesome, I'll plug it all day long.
I got the idea after reading http://homepage.mac.com/chamady/MacMiniReview/. I of course will have updated hardware, but still the same price as an iMac; $1200 for my proposed setup, $1200 for the base unit (2 GHz, 1GB RAM, better graphics card, wired keyboard/mouse and a 20" screen). I think I'll do the former, but the latter has a bit more powerful).
Please comment as to what you think! :)

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