As an anime fan I sure can help you-I have an Egreat EG-R1 and a WDHDTV Live-the WDTV can handle profile 5.1 h.264 encodes with absurdly high reference frame counts-say 16. It outputs everything that isn't ac3 as 2 channel pcm-aac, flac, mp3. etc. The subtitle support is excellent-but you'd better like white with black outlines-cause that's all you're gonna get-sure-you can change the size and position......? The Egreat EG-R1 has much better control over the subtitles-you can change the color ot the body and outlines-I have mine set for yellow with a red outline. It has more options for the audio too. It can't handle files with high reference frame rates as well as the WD can. Which one is better? I don't really have a favorite-I use both equally. I only use them with an attached usb hard drive-both are capable of networking but I don't use it.
The EG-R1 can handle dvd iso's with full support and bluray rips with limited support. The WD will play iso's but with no menu.