From the Hollywood Reporter: Apple is developing an "iTV" for release in late 2013, according to a research note from Brian White, an analyst at Topeka Capital Markets cited by Macrumors and other Apple-centric sites.
White believes the new product will "revolutionize the TV experience forever" with the previously unknown "iRing" motion controller, which will function as a "navigation pointer" for users. The report also claims Apple will introduce a second-screen experience on a "mini iTV" an iPad-sized device.
White says the mini could be used for phone calls and home automation tasks and also project images from the main screen up to a distance of 200 hundred meters….
Read all about it at http://www.hollywoodreporter.com/news/apple-developing-tv-iring-motion-432713