iServe
Here are my 2 cents on the topic of the mystery product by Apple. I think they might throw there hat into the consumer electronics' (CE) market in a really big way! Specifically, a minor partnership with a respectable receiver company (Denon, Yamaha, etc.). This company will provide standard receiver components (D.S.P., radio, Amp, etc.) and Apple will provide a combo Drive, a large HD, a cable TV decoder & MPEG encoder.
*Has anyone else noticed that the CE market significantly marks-up their gear compared to the computer equivalent? For example, CD recorders are grossly overpriced vs their computer rivals. The same goes for HD recorders for video.*
As a result. I think Apple can cut some of the cost by using there software decoding equivalents for this super-receiver.
This product will, effectively, yield a DVD player, CD player/ recorder, HD recorder (Tivo/Replay style without the tv guide features), a regular radio, 5.1 audio out, etc. all in one box!!
Naturally, this super receiver/ media player/ replacement for your VCR will have all of the traditional Apple stylings (hopefully a titanium like case).
In addition, the system will have regular video-out, ADC, VGA, and speaker ports. The front will have Firewire and USB ports. It will also be "Airport-ready" so that one can access all of the data (MP3's one has ripped, TV shows one has recorded, etc.) via their Mac to play with using iMovie and the like- reinforcing the usefulness of the Mac as an authorship tool. Though, the product will be useable by PC users too.
Take note, this piece of gear does not have internet accessibility!!
The reason is that Apple is evolving into a new company which sells "Authorship tools" (imac's, ibooks, power macs and powerbooks) and "Experience tools" (just iPod for now). This product would be there second Experience tool and would lay the foundation for more peripheral items in the future. Naturally, your iPod and future items will easily connect to this thing via the front panel ports.
I really hope that some of this made sense and thanks for reading!! : )