Ever since being introduced way back in 2007, the Apple TV hasn't changed a whole lot. There have been a few relatively minor feature changes, but for the most part the device Apple is shipping today is the same one from three years ago. According to Engadget's source though, that's about to change.
It was rumored previously that the new Apple TV would be about the same size as an iPhone 4, run a version of iOS, and cost $99. The new rumors are that it will have the same internals as the iPhone 4, but that it will lose the ability to play back 1080i or 1080p video, and will be limited to 720p playback. In exchange for the dip in video quality, it is expected that the device will get access to iOS apps. Whether they will share the same apps as the iPhone an iPad or whether there will be special versions of the apps for Apple TV remains to be seen. It's also said that instead of storing video on a hard drive, the updated Apple TV will rely on streaming.
[Engadget]
One last thing Engadget claims is that the name will be changed from the Apple TV to iTV, which is the name Apple originally announced it as. No word on when Apple will announce it, but if it is true our money's on sometime in September or October.
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