I also wanted this system to act as a Media Server so I could stream my videos and music to other systems running XBMC on my network. My latest build is centred around tried and tested components, I wanted to try and keep the whole thing neat and simple but i also wanted to implement full IR control using the stupidly simple but amazingly well designed Apple IR Remote. It was a good and relatively cheep solution about four years ago, but things move on and the CPU is no longer supported by the latest incarnation of OSX (Mavericks), the ion video chipset struggled with high-bit rate 1080P video and despite a 2TB drive - my audio/visual library will soon outgrow what was at the time the largest drive I could get. Until recently I was running OSX Lion on a dual core Intel E3300 CPU on a XFX mini-atx motherboard that had integrated Nvidia 9300 (ion) Video Graphics with HDMI output.
I’ve been a long time user of the fantastic XBMC media centre, its a project that has grown in size and support over the last few years and is - in my option the best and most flexible media centre software you can run on OSX. Building a CustoMac Hackintosh: Buyer's Guide