oohh...Please - do it!!!. This is one Apple product I would place a pre-order without even seeing it or knowing how much it would cost!
Here's a post I made on another forum a while back, you might like it:
"I have a strong feeling that Apple is working on the developement of a TV, and I don't mean AppleTV (as in the box), I mean an actual Apple Inc. Television. Call the feeling a hunch, but I know a lot of people including me who are frustrated by a lot of things when it comes to TV's and home entertainment systems nowadays. One being the fact that we have so many remotes, it ridiculous, and two we've too many boxes, far too many boxes, all of which have terrible software interfaces.
Apple needs to make an all-in-one TV that can in one fell swoop replace all those remotes, our TV, our DVD player, the AppleTV box, our VCR and our Satallite Digital Cable Boxes. Think of it, one sexy Apple Television that does it all, wow!
Here's my suggestions to Apple Inc. for the tech specs of an Apple Television;
1. Black
2. Thin
3. Sexy
4. 120GB internal Hard drive (Build to order option for 250GB or 500GB)
5. Apple TV Edition Remote (Black)
6. 24Watt internal speakers
7. Side load slot regular format DVD drive (If you want HD DVD buy a player, if you want BD buy a PS3)
8. Plasma (kicks the living crap out of LCD in every repect, OLED and SED aren't ready yet)
9. Stand that can rotate.
10. 802.11(all)
11. 1080p
12. Two HDMI ports.
13. Two USB ports.
14. At least one SCART port.
15. Analogue and digital audio etc.
16. Apple TV-esque interface.
Add an iTunes iPTV Show subscription service with some live content for news and sport - then Apple has the digital living room sewn up. One TV that does it all. Not only would that make Apple happy, but more importantly it would also make me - the customer - happy too.
GET ON IT APPLE!!
A cool additional feature would be; A small hidden magnet on the side of the TV - like the iMac has, but the difference here would be, when the remote is removed from this magnet the TV automatically turns on, and when the remote is replaced back on the magnet the TV automatically turns off again. (A manual physical power button could be placed on the TV and the remote too)"