How does the PS4 perform as a media streaming device?

I was looking to pick up a streaming device like apple tv to stream Hulu, Netflix, HBO Now and Epix to my TV. I then realized that I could get a PS4 for slightly more money and get access to all the great/upcoming PS4 exclusive games as well as all the streaming apps that i mentioned. How well does the PS4 work as a primary streaming device, is video playback smooth and responsive etc.? Would love to hear any thoughts or suggestions on this. Thanks