http://9to5mac.com/2015/08/30/apple-tv-4-200-october/
Slated to be announced on Sept. 9th alongside the new iPhone 6S is a new AppleTV that will be a huge upgrade to device as Apple takes aim at making inroads on the TV/living room market.
The new Apple TV will supposedly be powered by a dual core Apple A8 processor, with graphics comparable to the PS3/360 and will retail for $150-$199 with a Apple remote that has motion controls, a touch sensor, and buttons built into it though this is not confirmed (we'll find out on Sept. 9th).
I don't see it being a direct competitor to the PS4/XB1 per se, but still Apple moving more strongly in this direction could be a shot across the bow for sure.
If it's $150 I'll probably get one. I'm moving back to iPhone after a few years with Samsung Galaxy phones.