The Minis are very quiet even up close, I recommend that route. Headless Mini + iPad + external drives. With an Airport Extreme you can have multiple external drives in another room and stream wirelessly. It works great, no noise, no dropouts, no lag, no interference. I can stream from the basement to the second floor with no problems.
Plus you have an iPad to play with. With the mini you can upgrade it as needed and run a variety of programs on it such as iTunes, Pure Music, Amarra etc, You have something that holds value and you can sell or keep for other purposes if you decide to change your plans later. You can use USB, toslink, or firewire DACs with it. Other computers can share the drives if you want to play music on other systems.
With a dedicated server you have a dedicated computer that locks you into their software and will be obsolete and basically worthless at some point.
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Plus you have an iPad to play with. With the mini you can upgrade it as needed and run a variety of programs on it such as iTunes, Pure Music, Amarra etc, You have something that holds value and you can sell or keep for other purposes if you decide to change your plans later. You can use USB, toslink, or firewire DACs with it. Other computers can share the drives if you want to play music on other systems.
With a dedicated server you have a dedicated computer that locks you into their software and will be obsolete and basically worthless at some point.
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