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Is this a glimpse at what AppleTV or iTV will be?

A tiny new media player that could make an appearance with an Apple logo on it soon...

Here is post from Engadget profiling a new 1080p media player – its tiny – and has a lot of similar internals to the ones we’d expect the new rumoured iTV (formerly AppleTV) to have.
Check it out and let us know what you think in the comments?