So now it's out of the bag: an end to end online media delivery system. CNET covered the announcement and provided more pictures.
This will be talked about ad nauseum. Basically, Apple has simplified online delivery for everyone. Now video podcasts can play on a big screen, in "acceptable" resolution. Podcasts that have been cramming things down to H.264 and 512x384 (maximum size possible), can now target 640x480. It's still SD, but now the same number of pixels as most sources (DV, DVCam, DVCPro, etc).
The device that enables this is tentatively called "iTV" and is tentatively scheduled to ship in the first quarter of 2007.
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