my issue with your point here is that i think you're stuck with the concept of what a TV is now, when Apple has the potential to completely redefine the concept of what a "TV" is or should be...

"Smart TV's" have the potential to cannibalize some of the PC market, as all of our data moves to the cloud and all we need is a good interface to compute...

Apple didn't make a tablet, they made an iPad. they won't make a TV, they'll make an iTV and differentiate themselves entirely.