I'm sorry when I offended you, but I thought you were just bashing this thing down without a clear reason.
I don't know if its overhyped, we'll know the quality when it's being delivered.
For me it's a good squeezebox-replacement.
I can just put all my music on the 1tb hdd (not having to turn my computer on and relying on the wifi is a plus for me) and when I want to listen to some online music (for example hypem.com) I can just stream the music from my phone/tablet to the one. Also the youtube and miracast intergration looks promising.
This was not possible with the squeezebox (you could only listen to internetradio or your own collection). Furthermore I like the fact that I can control the one from my phone or tablet, or when I'm sitting next to it on the 7inch screen. If you compare it to a sonos or squeezeboxsystem it looks promising, that's why I was enthousiastic. Again sorry if I offended you but I hope you understand now what the device supposed to be/do.