The Connector can control but to 4 infrared devices and can use 4 serial connections to control other things. It links up with your WiFi network and leverages the power of BonJour to autodiscover your Mac, other Connectors, and the Remote.
The Remote includes a 2.5 inch LCD and a scrollwheel which makes it very iPod like. The display can show a program guide, your iTunes library, or even RSS feeds.
The bundle will set you back $800 but they are currently running a Macworld preorder special for $649.