What is this exactly?

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Not really.

That ioBox is a media streamer. So you would connect it to your network (via router), and it would be able to stream whatever media you share over your network. Music, movies, pictures, etc... So for instance, you have a movie folder in your main computer, and you want to watch it in the living room. Then you would share that movie folder over your network, and then the ioBox will be able to see it and display it on your TV in the living room.

The one that philbar linked is just only for streaming from USB storage devices, that's it.
 
^ i was close in my description :p but i said it's similar as in they both play media on your tv. perhaps i should have been clearer.
 
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