I see a video iPod strategy behind Apple's embrace of podcasting. iTunes 4.8 was the first version of iTunes to handle video files. The RSS enclosure format has always supported delivery of movies (as well as any other type of attachment, I assume). The pieces are coming together -- although Steve Jobs has famously dismissed the idea of watching movies on an iPod as impractical, I can certainly imagine watching a BBC News summary, a Pixar short, a cooking demonstration, or a slew of movie trailers on the subway ride to work. If videoblogging takes off, it will give Apple a legitimate content pool that will justify releasing a video iPod.
iPod video in 2006
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