OT.. but virtualise. Install latest Ubuntu Server, throw Xen/KVM/Virtual Box on (that order or preference is based on the running speed of the guest OS i.e. LinuxMCE - no arguments ;-). Install LinuxMCE as a guest, pass through all the peripherals you need for it e.g. USB chipset/devices, Network cards, etc.Just make sure that your peripheral supports virtualization before you buy! I setup my LMCE 1004 as a guest on OpenSUSE 12.1 at first, only to discover my TV card can't be virtualized (virtual pass-thru).
lspci -vv | grep FLReset
If the flag is postitive FLReset+, its signals will pass through to the guest. If it is negative FLReset- it cannot be used in virtual guests (has to do with safe power manipulation or something). I have a TV card on a DVB-C setup, so I'm running on bare metal instead. But that gave me the opportunity to go headless instead with hardware using less power.