I picked up the LG thing and played with it for a couple of days. The pointer remote is great, it's easy to select things, web browse and enter text. It doesn't have the mic like I thought, not sure where I read that... probably a different device.
Streaming video via one of the apps (netflix, youtube) works great. The big problem is that streaming online video through the web browser is garbage. Full screen doesn't work, the video quality is bad, and on some sites the audio is out of synch with the video. Since I mainly bought it for streaming TV from the network sites, it's not going to do. I'll be returning this one and looking for a new gift card target.