Originally Posted by Pendergast
I would imagine iCloud would replace [homeshare]. You will be able to accss your iTunes content from any iOS device.
You'd hope so, but I don't think it will.
Obviously homeshare lets you get content between your devices, using AppleID to identify and connect between those devices. iCloud should supercede that - and even allow devices to think they're getting content from the cloud, when in reality they get pointed to a nearby device that has that content and pull it sideways within your own network.
In fact, you could replace any homeshare options with "iCloud", and when you look at your homeshare/iCloud get an amalgamated list of content available in the cloud and local homeshares. Or even not differentiate the cloud from the actual device, and have that full list of your content automatically shown on the AppleTV, without ever knowing what is on the AppleTV, what is on a nearby computer sharing your AppleID, and what is in the cloud.
But if they'd actually done something so far reaching, surely we'd have heard about it at this point?