Sounds expensive (priced in Sterling?) for what is essentially a 750GB USB drive / media reader and a remote control. Just my thoughts.
Most modern PC's come with the functionality it puports to give you (read write store CD DVD and other formats, Input / output for HiDef TV) and if you have a Mac you also get a remote that works with all the bundled multimedia software.
You might be better off saving you cash and investing it in a decent computer.
Oh just noticed, based on the given spec, that (Maxtor mechanism) particular drive won't blow your socks off speed-wise either