Let just say this: The Beats deal makes sense if 50% of the deal goes directly to Iovine ($1.6 billion) and it is treated like a hire for Apple.
The other guy is just a bad rap artist that is not worth that kind of money. That is the hold up. Ego.
All I could think of when I first read this was about a story that must be over a decade old now, about how the iPod was going to be used to have portable /Users home folders.
Nice idea, what benefit is there to this idea? Especially when you think about iCloud.
Actually it is, and has been for a while. Check out their About page for some success. http://fold.it/portal/info/about I can't find it now, but they had success in a discovery based on gameplay that was done in under a year what they estimated scientist would've taken decades to figure out.
This is the difference from all other TVs out there, while going back to the future for projection TV. I still believe that Apple (and even third parties) will offer something to project on - a screen if you will.