Yes it would take me too long, I'll leave it to experts.
Rather than reinvent the wheel, I scooted over to Fry's this am and bought one.
Gauntlet wireless 320gB drive for 139$ can upgrade to ssd or 2tB mech drive.
Li-ion battery good for 5.5 hrs.
8 simultaneous users on WiFi.
USB 3 connector. (When WiFi is off)
A version w/o drive is 99$. No Ethernet but is 802.11n WiFi with WiFi pass thru.
My router is only 802.11g so it should speed up my wireless LAN.
Gauntlet streaming apps available but I may just play with file explorer as apps only stream 720p.
Not really endorsing these products, just what I've got working so far. Titanium may work also.
About to unbox and test gauntlet.