Earlier today I wrote about the Slingbox for place shifting TV.
A few minutes ago I came across WebGuide 3, a free place shifting app for Media Center.
No, it won't let you place shift live TV, but it will let you place shift all of your recordings. It's software, so it's easily upgradeable. Who knows what other cool features are on the way. It's also web-based, so it's available across multiple platforms.
So why the '*'? Media Center is expensive (I don't have one yet either) - much more than the $250 Slingbox appliance. But, in the long run hardware prices will fall, Media Center will become affordable for the average consumer, and its capabilities as a platform will beat out the competition. We've seen this with Windows powered desktops, laptops, and servers. We're starting to see this with Windows powered phones. Next will be Windows powered TV, and following that will likely be Windows powered automotive systems (like car nav-systems on steroids).
Drinking the kool-aid? I think so!