performance of Himedia's hitv is pretty poor, if you read their forum, there are many dissapointed buyers whom mostly hope to watch movies via streaming method. 

But then again, why buy this for streaming purpose?? like you said, you might as well use the ipad to stream the movies and connect your ipad to the lcd...  I just cannot agree buying himedia just to stream online movies...it is 1)slow ;2) shitty quality (you get mostly CD or DVD quality online)..