Falling right in line with the news TiVo CEO Tom Rogers hinted at back in March, the struggling company is readying the highly anticipated HD Series 3 "Lite," which will target a much wider range of consumer with a price point of around $299. Some tenacious (and possibly connected) fans posted specs and pics on the TiVo Community forums, much to the delight of broke DVR users across the globe. The new model will axe the OLED display and THX certification, and swap the deluxe remote for a standard model, but the specs remain fairly close otherwise. Here's a geeked-out rundown to keep everyone psyched: BCM740x DVR CPU with integrated MPEG-2 and MPEG-4 decoders, 1x dual MPEG-2 encoder, 2x Samsung S5H1411-based tuners, 128Mb DDR SDRAM, and a 160Gb SATA HD (down from the Series 3's 250GB drive). All in all, a pretty attractive package when you don't have a lot of cash to burn.

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TiVo Series 3 Lite pics and specs revealed