XBMC Running On Raspberry Pi
"The Raspberry Pi Foundation has a news release about Raspberry Pi running XBMC smoothly, turning the board into a media center the size of deck of cards. Looking at Pi's low price, small size and hardware 1080p support, this could make an interesting HTPC project. Included is a video demonstration of the setup. For this to be possible, the XBMC team created a customized version that targets the beefier Raspberry Pi model."