Other than that in the last decade what else have you got? [Apple products that have failed]
The Apple TV has been a modest success, it just wasn't another iPhone or iPod. The estimates I've seen suggest that over the last 2.5 years Apple has sold about 7.5 million Apple TVs which isn't bad considering that most were probably sold in the U.S. By contrast, the XBox 360 sold just under 12 million units in the U.S. during its first three years. Moreover, the XBox actually lost money during most of its lifetime while the Apple TV has always been profitable (on a hardware cost basis).TV
They can still save the TV but right now I wouldn't buy one and I believe there are better alternatives.
Lala would certainly be coming to the TV, but even that's not enough to save it.