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scottie said:
Sega have nowhere near enough money to make a new console
If Apple 'releases' a console, it will be called the iTV, merely an upgraded model of it

This.

Apple has gone from a gamer joke (Pippen, Mac) to ligimate contender with the iTouch, iPhone in the handheld market.

Apple would be foolish to make a 360 direct competitor, but like iPhone/iTouch doesn't directly compete with PSP/DS expect Apple to allow games to be played somehow on a future iteration of their iTV service.   They will target the mass market much more than the core, so more of a Wii competitor but again not directly.  Whereas Wii is a game system (that might stream movies) Apple's service will be focused on movie/tv/computer/home phone (VoIP) and also plays games.