I saw this and i think it's kinda cool, but, call me crazy, isn't a media player supposed to have a lot of storage for media? Sixteen gigabytes isn't much at all. Neither is thirty-two gigabytes or even sixty-four. And then there won't be any place to plug in an external hard drive or something. Just my thoughts.
They said you could use a Time Capsule for storage. It will probably work like the current Apple TV with itunes, but instead of syncing, transferring content from iTunes on your computer to the ATV, it will just stream the content.
Do you think that it uses flash memory? If its an SSD couldn't you just put your own hard drive in there?