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Apple. Video iPod. iTunes 6. TV Shows. Yowzers.

It's more than anybody guessed. Much more. See Engadget's live blog of the press conference. Main points:

  • New iMac computer with strong media capabilities. Very thin, very big screen. Very moderate price. Built-in video cam (iSight). Front Row software with remote for couch viewing of media on the computer.

  • iPod is now a video iPod. No name change. 30GB and 60GB. $299 and $399. 2.5-inch screen, native 320x240.

  • iTunes 6. Already? Yes, and iTMS now stocks 2,000 music videos. FairPlay DRM as with the music. Madonna is in. $1.99 per video. Also, a first recommendation engine for iTunes. Full review of iTunes 6 in this space later.

  • TV shows from ABC for sale in iTMS, the day after broadcast. Whoa.

I don't expect the last point to get a lot of media play, but to me it's the most important announcement of the day. I have waited years for some sign that the TV industry "gets it"—that is, gets how much trouble it's in. Much more trouble than the music industry. Forget about the MPAA crushing Bit Torrent sites; those actions don't harm TV-show file-sharing. But give me a reliable, easy-to-find, reasonably priced way to catch up on missed episodes, and I am there. I can't be the only one who feels that way. If the Steve Jobs Effect holds true here as it did with music, it's only a matter of time before the other networks come aboard. Then, at long last, we'll be on the way to on-demand TV, or subscription major-network TV, or any number of other possibilities.

This is an amazing day for Apple, and a fabulous launch of its holiday quarter. AAPL stock hasn't responded yet.

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