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Ask Engadget: best HTPC for under $500?

We know you've got questions, and if you're brave enough to ask the world for answers, here's the outlet to do so. This week's Ask Engadget question is coming to us from Justin, who can't afford both a high-end HTPC and textbooks for next semester. If you're looking to send in an inquiry of your own, drop us a line at ask [at] engadget [dawt] com.

"I am a college student looking for a cheap way to hook up to my standard-def TV. It's not HD capable but has an HDMI input. What do you think would be the best sub $500 HTPC for my home use?"

We served up a similar question a few years back for the high-end crowd, and we taught you how to build your own Blu-ray-capable HTPC last year for a solid grand, but this sub-$500 territory is all new. Anyone have any decent HTPC options that won't break the bank? Any tips on constructing your own from an older desktop? Go on and share in comments below -- it's good for the soul, we tell ya.