While it's still not official, Engadget is reporting some big news about Apple's much-anticipated update to the AppleTV. According to the site, the new A4-powered (the same processor found in the iPhone 4) device will be renamed the iTV. What's more, it will actually receive a resolution downgrade, and only support 720p video instead of 1080p or 1080i video. On the plus side, Engadget reports, the iTV will be getting its own selection of apps, like the iPad and iPhone/iPod Touch.
Reportedly, the device will retail for $99 and include 16 GB of internal storage. We should find out more when Apple supposedly announced the iTV this fall.
— Will Greenwald
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