I like random nothingness. It's so zen-like

I'm an Apple fan. Not a fanboi. not a zealot. just a fan.

Tartarus.
I know who'd be the b!tch in that relationship.

In all honesty, the ad doesn't really show much. I mean, it doesn't reveal the interface to YouTube, just what it would be like to browse your favorite clip. That, in itself, isn't much different from browsing your videos on the iPod portion of the phone. Not that I would expect it to be that much different anyway. But what about the social features like being able to comment, or rate, or view related, or flag as inappropriate, etc.?
Obviously, since they ARE favorites, the clips are being cached. So there is no indication of how fast (or slow) the app may operate. I'm not whining or complaining, I would do the same thing if I shot the commercial. At least it illustrates the "essence" of the app.
One thing worth considering though, is that your favorites are probably cached "permanently" (i.e.. not just for a session). After all, favorite videos don't change like favorite sites do. Why would you want to be forced to download that clip of "the Hoff" singing "Hooked on a Feeling" for the 50th time just b/c you really needed a laugh to get you through the rest of the day?

Yipee... Not only do we get to use the "powerful features" of Web 2.0 to develop our own apps (like a phone directory - yay), but we get these compelling features that are so incredibly USEFUL like YouTube.
It's hard to see how this isn't revolutionary.
Don't get me wrong. I think the phone is a sexy piece of tech. And I'm excited that we will be getting them in a little over a week. But this isn't "revolutionary" software - even PhotoBooth had more usefulness than this.

My thoughts on the return of the cube:
Apple has two areas where they could distinguish it as something that "hasn't been done before" (not by them, at least)...
1) The often-rumored home media appliance, a beefed up mini with a larger/faster HDD and all the I/Os you would need. Apple, however, would offer something akin to the Bookshelf (http://www.gizmag.com/go/5049/) to set it apart from all your other shelf components and quite unlike any other HTPC on the market. "People don't want a computer in their livingroom"... so let's not tell them it's a computer.
2) Apple's newest angle on the enterprise market, the SoHo XServe. Or as Dan likes to call it, the Xserve mini (http://www.roughlydrafted.com/RD/Home/3FE506E2-FD6D-4FC6-BC9C-055F27279DF4.html). Basically, a small-footprint small office server that provides network storage, mail/internet gateways and collaborative services through Apple's familiar user friendly interface. (http://www.theapplecollection.com/design/macdesign/images/upload_225045.jpg -doesn't need to be multi-colored though) Like the old Cobalt Qube but with significantly improved features.
Knowing the wealth of un-used patents Apple already has though, we'll probably never see anything materialize. So it just ends up being fodder for the rumor mill and a fantasy for those of us that desire a product like this.
I wanted to work on both of these for the MacMods contest this year, but I had to go and get engaged.... now I "can't afford to be spending money on toys like that". Some women will never fully understand us geeks...

The new type of file preview ability is not a part of Time Machine. Apple describes it as part of Spotlight's new features:
(http://www.apple.com/macosx/leopard/spotlight.html)
"Quick on the draw
Sometimes you just don’t want to wait. That’s why Leopard introduces Quick Look, a new way to preview a document, picture, or slideshow in a single click, without opening an application. Select a search result and Quick Look displays the result — an iPhoto snapshot, a PDF, an Address Book contact — in a graphic overlay. Quick Look even plays your QuickTime movies, right in the preview window."
The truth is, this is a system level capability and an in-depth preview was not given b/c they were saving that to highlight it as a part of the new and improved Finder in Leopard.

The other things not demoed but mentioned in the Mac OS X Leopard Sneak Peek?
1) Mail is now a full-fledged RSS aggregator
2) iChat Screen Sharing - don't have a need for collaboration? Use it for diagnostics (eg ARD "lite")
3) Accessibilty: "iChat for Leopard speaks incoming messages automatically as they arrive, so anyone can chat." - presumably friends without mics or cams can still participate in A/V sessions.
4) Dashboard - now syncs preferences to .Mac

People are ALWAYS disappointed after a keynote these days. But it's only b/c of the hype that's built up... especially now that EVERYbody is looking to see what they do next. Do you really think they would announce stuff from the iTMS or new iPods? What does that have to do with the App you've been developing?After all, what do people really expect from a developers conference? This is a LOT more exciting than listening to Ballmer shout "developers" until he nearly passes out in a puddle of sweat.
I do think they're getting a little pompous lately but I know people will be satisfied when things finally roll out early next year.

I'd love to join the chatcast if there were one.
I'm home from work "sick" today, so I've got plenty of time for it =) (uhh... I mean *cough* *cough*)
Here's hoping they don't make me dial in.

I really think it's a fake. Like the iHome somebody pointed out earlier. But just some food for thought regarding the shuffle-like controls, the outer control ring could still act like a typical scroll wheel if Apple chose to use the same capacitance technologies that they've used for 3G iPod buttons, displays and the Mighty Mouse.
It's just fodder for the argument though b/c I still think this is just a nice PS image brought to you by some very creative fan boys.
"takes one to know one" - I guess