Iomega has released a new version of its Screenplay product that doubles as an external USB2 hard drive and standalone media player.

The Screenplay HD Multimedia Drive has a capacity of 500GB includes HDMI, component and composite video, and Scart (RGB)video ports as well as composite RCA and coaxial S/PDIF audio outputs.

It measures 19.6 x 5.8 x 12.7cm, about the size of a paperback book, and can upscale to 720p and1080i resolutions. Supported media formats include MP3, AC3, WAV, WMA, MPEG-1, MPEG-2 (AVI/VOB), MPEG-4 (AVI/DiVX 3.11, 4.x, 5.x/XViD) and JPEG.