Intel TV?

Many people are familiar with the company Intel, as they have been making computer chips now for multiple generations of computers. Now that they are losing money in the computer chip industry, they are trying their brand in a new market, television.
When I first heard of this it brought up a few questions. One was how much is this going to cost and in what medium do they plan to use this in? It seems a few of those questions have been answered. Intel plans to launch what they are calling "internet tv", where customers can stream live and on-demand programs straight to their internet television or computer. This sounds like a plausible idea, but is it worth it? A company called Slingbox already has a product on the market that allows you to watch a live tv stream from your computer. Then with Netflix, Hulu, and Apple TV that allow you to what thousands of movies and shows with the click of a button it almost seems pointless. Other rumors are that this cost of this service will not come cheap. No official price has been announced, but you will have to purchase the Intel box as well as a subscription to use the service.
The service is set to release later this year. Intel promises that it will be Netflix and Direct TV in one package. That is a very high bar they are setting for themselves in a market which they have never entered. This is a big obstacle for Intel, but if successful, could easily reverse the drought ity has been experiencing. Would you go for Intel TV? Or would you rather them stick to making your computer work?