Steve Jobs’ “hobby” device might not be a hobby for long: Engadget reports that sources close to Apple claim that the Apple TV is currently getting a massive overhaul as an iPhone OS, streaming video device.
The old Apple TV was like a big iPod that connected to your set, so it’s not really a surprise that Apple’s re-imagining of Apple TV is essentially as a big iPhone connected to an HDTV. According to Engadget, the new Apple TV will have an A4 CPU, run iPhone OS and only ship with 16GB of flash storage.
Why so little room? Because Apple’s trying to do away with local storage in favor of their cloud iTunes service. The new Apple TV will be capable of streaming your media at 1080p through a web connection (or a Time Capsule, if you still want to store your media locally, but it’s all still streaming).
The biggest reveal? The price. Engadget says the new Apple TV will costs only $99. Wow.