Knowing Apple, I would think they asked for the following:
- the 24 hours limit only starts once you start viewing the movie
- the 24 hours limit doesn't apply until you've seen the movie once, for those "I have to stop watching the movie" moments.
As for the price, I also think they will align themselves with the average current prices, because of the advantages are:
- not having to drive to the rental place / not having to wait day(s) for the DVD to arrive in the mailbox
- being sure that if the movie you want is in the rental list, it's in stock
- not having to return the movie to the rental place / not having to send back a DVD by mail
- not wasting time and gas to move a plastic disc back and forth
As for the quality/bitrate/resolution, I'm expecting something similar to what they are currently offering (unless they upgrade everything and announce that at Macworld too).
I'm also expecting this to be for USA only.