The ODROID-C1 looks interesting as well. I may pick one up just to play with.
I would advise waiting a month or two; I have a C1, and it's not particularly useful right now as the software support is not really "all the way there." You basically have to use Hardkernel's official linux or android images if you want modestly functional hardware acceleration, and the device isn't really useful as a media player without hardware acceleration. And even using the official android or ubuntu images, they're still missing a fair amount of basic functionality (hardware acceleration not working for many common video codecs, not all wireless dongles function correctly, Gb ethernet link throttled to 100Mb because of an unfixed networking issue, no CEC support, no HDMI passthrough, extremely limited USB DAC support). They're working hard on it, but they're a tiny team with a very small community, nothing like the support and community that the Pi has. If you look at some of their prior boards that are a year or two into their development cycle (e.g. the U2/U3), those boards still have some pretty serious software issues not resolved that may never get resolved.
If I had known the Pi 2 had these specs and would be more or less fully backward compatible with the original Pi, I'd have never picked up the ODROID. As it is, I'll probably try and find a non-GUI use for it.
All that said, if you want video playback using codecs for which the C1 has hardware accelaration (e.g. h.264) it can handle 720p video fairly well, and does close to fine with 1080p. Gizmo works pretty well on the android version. The whole thing's just not ready for primetime yet.