By Wilson Rothman 

It's no coincidence that, at a time when more people are turning away from the 500-channels-and-nothing-on world of cable TV, little black hockey pucks have started turning up beneath people's TV sets. Media streaming boxes such as Apple TV, Roku 3 and Amazon Fire TV are a must-have for any cord cutter, or anybody who knows they want more than what their cable box can deliver. This week, there's a new streamer that brings some horsepower to the TV: Google's $99 Nexus Player, built by Asus.

With a 1.8GHz quad-core Intel Atom processor, 1GB of RAM and 8GB of internal storage, the Nexus Player's calling cards are a snappy graphical interface and a store of Android apps and games that are compatible with your TV's 1080p high-def screen.

After the initial glance, though, the content offerings struck me as a bit shallow compared to what's available on Android phones and tablets, and what the Nexus Player's competitors have. Yes, there's Netfix and Hulu--though what media box doesn't have those?. There's also Pandora and iHeartRadio, but where is the Spotify? Where is the Amazon Instant Video? Where is HBO Go? Part of the pitch for Android TV, the operating system that powers the Nexus Player, is that there will be more apps at the ready because of Android.

But you don't just have to rely on the apps available for the device. Google's previous media player was the groundbreaking Chromecast, a little $35 HDMI stick that you shove in the back of the TV. You control it by flinging videos from compatible apps--including HBO Go--to the Chromecast. It's a great way to add functionality to your TV for a small amount of money. Fortunately, the Chromecast's new sibling has all of its capability built right in.

So why not just get a Chromecast for a third of the money? The answer: Games.

The Nexus Player takes its name seriously. It's not only for playing movies, TV shows and music, but it's a bona fide game console, complete with a game controller--sold separately for $40--just like Amazon's Fire TV.

The catalog of available games wasn't super extensive, but what I saw was promising, both in quantity and quality. The game my kids settled into was Disney's "Castle of Illusion, Starring Mickey Mouse," a 3-D remake of a 1990 Sega Genesis game. It was a quick $10 download, and it looked great, and played with a smoothness you'd expect from a full-fledged console. Its lineup still isn't as good as Amazon's, but if it improved, the Nexus Player could replace PlayStation or Xbox for many more-casual gamers.

The Nexus Player is Google's best attempt at a TV companion yet, but it still falls short of the competition in key areas. Here's what it's up against:

Apple TV - The grandfather of the little black hockey puck devices, the $99 Apple TV is starting to grow whiskers. Both the hardware and software have been updated over the years, but it still feels stuck in time. Also, the streams of Hulu, Netflix and other third-party video providers have occasionally been choppy in my experience, even when connected to a fast Comcast modem.

The Nexus Player beats it on user interface and performance, though Apple still has a few aces in the hole: Because of AirPlay, you can screen share and beam media from iOS devices. It also has iTunes, which many people still use to buy and rent movies and TV shows. And then there's HBO Go. Apple TV is the only one of these players that lets Comcast subscribers browse and play HBO content right from the TV screen. Sure, you can still fling HBO content to the Nexus Player from a phone, but it's not as easy.

Roku 3 - Getting older but still surprisingly spry, the $100 Roku 3 is a go-to device in my house for the big three streaming video providers: Netflix, Hulu Plus and Amazon Prime. (Paying for these is how we survive our reduced $62-per-month Comcast Internet Plus subscription.)

Roku also just got Google Play, so even people who buy into Google's movie and TV service can get their content here.

Better still, the Roku 3 has a universal search where you can find all kinds of content from various providers in one fell swoop. Type in "Richard Pryor," and see all of the late, great comedian's work, across multiple "channels" like Netflix, Hulu and more. Despite coming from Google, the Nexus Player does not have a very impressive search function.

When the Roku 3 launched in March 2013, it boasted a motion-sensing remote that could double as a game controller, and demonstrated that capability with "Angry Birds Space." But a year and a half later, the games offered in Roku's lineup are mostly junk--even all the Angry Birds have flown the coop.

Amazon Fire TV - A relative newcomer, the Fire TV (now $84) also launched with an emphasis on gaming as well as video. With franchises like Sonic the Hedgehog, Minecraft and Grand Theft Auto, its lineup is far more impressive than Roku's, and even outpaces Google's for now.

Fire TV also has a great universal search, which you can control with your voice. (As you can imagine from Google, the Nexus Player also has a voice-command remote, but again, search queries don't look into your Netflix or Hulu or anything but Google and YouTube, so it's no good.)

Amazon Fire TV is certainly targeted to people who already buy into Amazon's Prime service. Also, it has no HBO Go, which is a black mark in this day and age, but it enters the holiday season as a nice cord-cutter's device, and--with a quad-core Qualcomm processor and 2GB of RAM--probably the closest thing to a direct competitor the Nexus Player has.

In the end, you'll choose Apple TV if you use Apple products and services more than others. You'll choose Roku 3 if you want the broadest choices of content (especially if you're a customer of cable companies other than Comcast, such as Time Warner Cable). You'll go with Amazon if you're an Amazon Prime member who also wants to do casual gaming.

The Nexus Player can compete on a technical level, but to rise above these others, it needs more games and other Android apps, plus a truly universal search function to tie all of the video streams together.

Write to Wilson Rothman at wilson.rothman@wsj.com and on Twitter at @wjrothman.

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