The brick has 720p high def, a 40 GB harddrive (stores 50 hours of video), 802.11 (b, g, and n), and Intel processor, and is designed for widescreen TVs. Users can auto-sync downloads from one computer and stream (not store) from five computers. Jacks for power, USB 2, ethernet, Wi-Fi, HDMI, et cetera. It will cost $299. You can play movies and music, show photos, and stream things like trailers.
The devices are sure to hold a lot of content that’s not from iTunes, but as of today you can also buy Paramount (in addition to Disney) movies on iTunes. Apple CEO Steve Jobs reported 2 billion songs, 50 million shows, and 1.3 million movies sold on iTunes to date.