TiVo's Premiere device has greater functionality than the Apple TV, with the ability to record up to 150 hours of HD video (with the Premiere XL), on-demand video streaming from Netflix, Amazon Video, and YouTube, viewing of photo libraries on TV, and a choice of music and photo streaming services.
There has been a lot of speculation as of late that Apple may be poised to make the Apple TV more than just a hobby. With Google TV just around the corner and Google making deals with Sony, Logitech, Intel, and the Dish Network, Apple may be looking for partners to help jump-start a revival in the neglected Apple TV.
As noted in Barron's:"Is it true? Who knows?"