The Wall Street Journal tends to be fairly well informed about Apple's plans, with some commentators suggesting it is used by Apple as a channel for releasing information that it doesn't want to be seen as an official statement from the company.
The WSJ recently reported that the much-ballyhooed future 'Apple TV' is a set top box for use in conjunction with pay TV services, with content delivered via the Internet.
Pay TV operators in various countries - including Australia - already offer service over the Internet to devices such as game consoles and smart TVs, so the idea of an Apple TV with that capability isn't a stretch.
Key features of the device are said to include be a user interface that is a significant improvement on conventional set top boxes, integration with social media (eg Twitter), and the ability to stream content to iPhones and iPads.
However, the report states that Apple intends to include cloud-based DVR functionality.
That is, the recordings would be made and stored in one of Apple's data centres, not on the user's premises.