I had an Olive 4hd (NOTE past tense "Had"), which had a similar screen, same idea but smaller. You can of course feed the image to a TV via an HDMI cable if you want to. Much as I admire the ingenuity of these devices like Olive and Sooloos I can't help but notice how expensive they are for what you get. Sure its targeted marketing but at some price. The Olive is basically a CD ripper, hard disc, LCD display and some DAC's. The HDD is superquiet and fanless (my NAS drive is same size, has a fan and also superquiet, can't hear it), the software is a bit clunky, its Linux based and the problem comes with the backups as they output to Linux archive files which you cannot manually unzip so you just have to trust that it has backed up evrything. I back my files up track by track, somehow I like that idea better as I can see my backed up tracks and access them easily.
Yes these gadgets look nice for sure, are very well made but in the end I put together a system to rip and store tracks to 24/96 quality for less than £500.
So why no more Olive 4HD? The cd ripper packed up after 4 weeks, the software frequently crashed despite my having all the upgrades and the lack of control over backups saw said device going via ebay. I suppose I was looking for a one box solution which Olive et al do offer but I ended up thinking it left me with too little control and too vulnerable as I went 100% digital, which means security of backups were a priority. Yes these systems probably have a place but so many of them seem flawed in some way or another due to their own proprietary quirks which disengages the user from being able to exercise full control.
However my good lady loved the look of it!