At the All things Digital conference, Steve Jobs revealed a surprise for everybody, the Apple TV will stream and play videos directly from youtube starting in June, the reason that we’re waiting is also the best news for us, youtube is converting its videos to h264 just for this purpose, h264 is the next generation video codec embraced by Apple (as all the best new technologies have been (USB, firewire, LED backlight displays).
The Apple TV is now also shipping in a 160Gb model for $399 as well as the 40Gb model at $299, thats a great deal as the Hard drive alone for that model will cost you just under $200, and the Apple TV is actually a fully functioning OS X workstation at it’s heart.