This device plays back Internet radio stations of your choice (list can be updated via http://www.vtuner.com or USB drive), play MP3 files off USB drives, from network (requires PC - software supplied or Twonkyvision Music (free), which can be installed on standalone NAS devices such as Slug). It got FM radio as well as Alarm clock (synchronized manually or via NTP).
Network connection is done via WiFi (802.11g, WEP and WPA-PSK) or Ethernet (wired).
Price - 87 quid + delivery from Komplett. Haven't seen it cheaper so far.