Not a whole lot to tell. I’m guessing the interface is tailored to Tivo remotes. David from Zatznotfunny says it’s encoded in H.264 as opposed to MPEG-2, which is apparently the Tivo standard. The YouTube functionality will only be available to Series3 customers.
Expect the service, or addon, to roll out over the next week or so.
Official announcement here
Grew up back East, got sick of the cold and headed West. Since I was small I have been pushing buttons - both electronic and human. With an insatiable need for tech I thought "why not start a blog focusing on technology, and use my dislikes and likes to post on gadgets."