Could a next generation Apple TV not only run iOS, but also TiVo’s awesome DVR software? That’s what the rumors on the webs are saying.

It seems hard to reconcile both a new, tiny, solid-state Apple TV powered by iOS with the bigger, beefier needs of local HD video recording an playback, so I’m taking this with a grain of salt, especially considering Steve Jobs’ comments at the last D8 conference.

But at the same time the thought of iOS apps, iTunes streaming, and TiVo local recording makes me positively giddy with want. (And probably makes the upcoming Google TV slightly less competitive).

What do you think? Make Apple TV lean and mean and focused on the stream, or give it the TiVo treatment?

[Barrons via TUAW]

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