The Media Hub comes in three configurations, starting at $300 for a 500GB hard drive and up to $430 for a 1TB hard drive. It is available now in the U.S. and will be available in Canada, the U.K., Germany, Denmark and the Netherlands in the first quarter of this year. An annual subscription of $10 is required, although the first year is provided with purchase. One version, the NMH400, is 7.8 x 4.4 x 6.6-inches in size.

Ned Hooper, Cisco's corporate director for the consumer business group, described the Media Hub as fully functioning Network Attached Storage device for the home.

Cisco also announced a wireless home audio system, priced between $300 and $1,000, that products synchronization when listening to the same song throughout the home. It is compatible with Apple Inc.'s iPod and iTunes, as well as popular Internet services such as ' Rhapsody. The new system is available in the U.S. now and will be available in some European countries in the first quarter.

While the wireless home audio system works only with audio now, Hooper said Cisco was working to make it capable of handling video as well.