Genius idea! Feasible? (Score 1)

Ok, without modding, or doing anything that would bring down the rath of microsoft (sorry! it's for a good cause though!) would it be possible for me to set up for my family, an easy way to access everything we would normally get off satellite (Fox News, Disney Channel... more news...) off of the new xbox live interface? The set up would like something like this: Xbox on Live hooked up to Windows Media Center Extender thingy, from which we could pull netflix, etc. But what about hulu? or other tv shows? Live streams from CNN, FOX, MSNBC? Come on! Any and all ideas! PLEASE!