No, I didn't buy it from HK. I am in New york and I bought it from TVpad's official site (http://www.tvpad.hk/tvpad/01/)
The new model M121 cost $199 after $30 discount (coupon code: 15819288).
TVpad is a IPTV system so you have to connect the TVpad to the internet. You can connect it by network cable or wireless by a usb wifi adapter. During the period 7/15/2012 to 8/15/2012, when you purchase 2 or more TVpads in the same order, you receive a Wireless USB Adapter per TVpad. Details: http://www.tvpadzone.com/english/buy-and-get-more.html