Xbox converted to Stereo Component with LCD display
I originally purchased an Xbox with the only intent of having it as a media playing device. A few months after the modchips became mainstream, I picked one up (summer 2002 I *think*). Shortly after this the first MP3 playing software for the Xbox was a demo app by Frodo. A few months after, his code was merged into some others and became Xbox Media Player (XBMP). Since then this has evolved into Xbox Media Center (XBMC) and supports justa bout every audio and video format, and has many keen features such as LCD support and a million other things.
When I got my Xbox, I did so with the intention of transplanting it into a CD player type of case so it can sit with other stereo components and not look like ass. I posted on the xbox-scene.com forums about this, and the general response is that it was stupid.
I got a few broken CD players, but the components wouldn't fit quite right without extensive modification to the case. Also, I would have to somehow get a machined front panel that doesn't look like butt.
So, the idea was shelved.
I was browsing Newegg (http://newegg.com) and home theater component looking PC cases have become much more mainstream since then. One in particular was cheap, looked decent (minus the "Cooler Master" logo on the front) and was about the correct size. The Cooler Master CM Media 260, which was $80 (ed: I just noticed it's now $55!):