Steve Jobs formally introduced the Apple TV (code named "iTV") during the keynote address at Macworld 2007 in San Francisco today. The new device will be available in February for $299.

"Let's examine this in a little more detail. Just like in iTunes you can setup your Apple TV -- take my 10 most recent unwatched movies and it'll automatically stream in the background to Apple TV and be stored on the hard drive. So whenever I got to watch something, they're there. I can stream wirelessly from five computers. I can watch it from other computers in the house but it's not stored on the hard drive. PCs or Macs, I just choose the computer of my life."
Specs include:
- USB 2, Ethernet, WiFi, HDMI, component, audio, and optical out.
- 20p high def video
- 40GB hard drive
- 802.11b/g/n
- Intel processor
The media hub will stream content from up to 5 computers around your home.
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