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Noticed this on Macrumors.com ...thought I would share for your interest.

I'm rather skeptical of such a thing coming to light, especially given that the XBox has become a veritable financial sinkhole for Microsoft.
 

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The set top box wouldn't really be a competitor for the Xbox though, it would be competing with something like the Linksys Wireless Media Adapter.

From the rumours I have read it would be a little more sophisticated than the Linksys one (what with actually having a processor and storage) but either way I don't think it too likely an announcement (at least not as it is described, too powerful for the job).
 
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