I am very interested to see what this product turns out to be. The fact that all the rumors seemed so concrete about its development and the fact that it was not announced with GB 2 really makes me think that maybe there is more to it than we originally thought.
Here's hoping it does have something to do with video and not just audio. However, in that case I guess we will probably have to wait for (a) Tiger with H.264 and/or (b) Apple to buy Tivo.