Hey, Guys. I am typing this as I watch the live reporting from MacWorld.

1. Time Capsule

This device is an Airport Extreme Router with built-in hard drive. Of course, the AirPort Extreme has always supposedly supported connecting a drive to it via USB. It’s just never worked well. This looks like a local backup options for notebook owners through Leopard’s Time Machine. Of course, if your house burns down, you still are dead with all of your content and backups in one place.

If they can do this, it is sad that you cannot just backup to a USB drive connected to the router.

If you can sync your music/videos/photos, then it gets a lot sexier. 500GB ($299) and 1TB ($499) versions will be available.

2. New free iPhone/iTouch Features

  • SMS Multiple People at once
  • Webclips = website bookmarks on your home screen. Very map related.
  • Chapter and Language Options in iPod mode
  • Maps with localization using Google’s cellphone triangulation and wi-fi hotspot signals.
  • Customize the home screen
  • iTouch can get the following programs for $20
    • Mail
    • Stocks
    • Notes
    • Weather
    • Maps

3. iTunes Movie Rentals

All major studies to provide rentals through iTunes. The user has 30 days to start watching once purchased. Once started, the user has 24 hours to complete the viewing. New releases $3.99 and standards are $2.99. iTunes and suppported devices being upgraded today to support the rentals.

4. Apple TV Take 2

The new AppleTV will support true HD. The device can be used with or without out a computer. This includes purchasing and renting. It will sync from flickr, .mac, podcasts, etc. HD movies can be rented at $4.99. Old Apple TV devices will receive a free software upgrade to enable these features.

The price of Apple TV decreasing to $229 for the starting price for the 40GB.

5. MacBook Air

“The World’s Thinnest Notebook.” The thickest part is about 3/4 of an inch. 3 pounds. The display is a 13.3″ widescreen with LED backlight. It has a 13.x inch display with LED backlighting. It has an iSight camera. It has an ambient light sensor with backlit keys. It has multitouch/gesture trackpad.

1.8″ Hard Drive 80 GB hard disk standard, but 64 GB SSD is an option. 2GB memory is standard. CPU is Intel Core 2 Duo with 1.6 GHz Standard and a 1.8 GHz Option. Bluetooth and wireless n are included. Optical drive is available as accessory. Battery life estimated to be 5 hours with wifi on. The device is greener for the environment.

Software is installed from an optical drive on any microsoft or mac computer (loaded with special software).

Price starts at $1799 and will start shipping in two weeks.