If you are really serious about this, then it seems it would make a half decent netbook replacement - but don't even think about complaining that it's slow! You can get a foldable keyboard (I have one made by iGo - but never used it!), and a bluetooth mouse quite cheap and tv-out cable ofcourse. Don't expect it to all just 'work', you will have to mess around with it. To get a video converter application try installing easy debian and install a linux video converter - it will do the job but probably only from command line.