surprise surprise surprise translation, no free web browsing of tv shows. That right there kills it for me and quote a few others I know. Why pay anything when the networks have all the shows online, most of the time. In fact. ABC sold season 5 of Lost this December now you watch all seasons 1-5 FREE online. If this device is tied to iTunes, it's not going to sell well, no wonder the networks said no, they have their own adverts online.
The only way this will fly different is if yo can watch content on the device via the browser and don't try and tell me of the iPhones success. A lot of people are pretty ticked of that in places like china they can watch TV on their phones and we can't even stream tomorrows Evette live and by the sound of it, it appears there will be no flash which is used by most steaming entertainment not youboob.
I hope Apple proves us wrong.