AnandTech has a very deep article on Windows Media Center Edition 2005. They didn’t think much of the earlier versions of MCE. Some quotes:
“Media Center Edition continues to be the coolest looking highest performance PVR/DVR (with a fast enough system) out there on the market today. The interface continues to be clearly ahead of the competition…”
“In the end, MCE continues to be a niche product, but if you have the means, then its definitely one worth going for.”
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Can you install it with out having a OEM?
yes. you can install without an OEM. I believ its a full version installable on any pc.