“Apple plans to hold a San Francisco event Sept. 7, two weeks ahead of the start of the new prime-time TV season, to unveil the service and an updated line of entertainment products, two people said.

Apple TV

Apple will introduce a new version of the Touch with a higher-resolution screen — similar to the display featured on the iPhone 4 — and a $99 version of its three-year-old Apple TV set-top box, one person said. The new Apple TV, which will have a smaller hard drive than the earlier version, is aimed at letting people stream content from iTunes, the person said.”

Full Bloomberg article here:

http://www.bloomberg.com/news/2010-08-24/apple-said-to-be-in-talks-with-fox-for-new-99-cent-tv-show-rental-service.html