A next-gen version of the Apple TV was announced at Apple's media event, replacing the old model pictured above.
As expected, a new Apple TV set top box was announced at Apple's media event. This is a developing story and we'll be adding more details as they're announced.
While the exterior hardware looks nearly identical to the old model, several new features were announced, including:
1080p movies and TV shows from iTunes Store
Redesigned 1080p user interface
"Genius" recommendations for movies
Along with the new functionality, expect the new Apple TV will support the same features as the old model, including AirPlay, iTunes Match support, iTunes movie rentals and purchases, MLB.TV and YouTube.
The new Apple TV will be released on March 16 with the same $99 price as the existing model.