Apple today announced that its new Apple TV software update, which allows users to rent high definition movies directly from the living room, is "not quite finished." The company says it plans to make the free software download -- which CEO Steve Jobs unveiled during his keynote speech at Macworld in San Francisco earlier this month -- available to existing Apple TV customers in "another week or two."
DVD-quality iTunes Movie Rentals are priced at $2.99 for library titles and $3.99 for new releases, with high definition versions available for one dollar more. Purchases downloaded to Apple TV are automatically synced back to iTunes, and are transferable to iPods as well as iPhones.
Apple TV connects to a wide array of widescreen TVs and home theater systems. The device ships standard with HDMI, component video as well as analog, and optical audio ports. Apple TV, which includes the Apple Remote, is available via the Apple Store for $230 (40GB) or $330 (160GB).