It will be interesting to see what Apple does with this technology
It doesn't really seem to fit in with any product or service Apple currently offers. It may be for something they're doing that even the rumor mill hasn't managed to guess at yet.
Who knows, if Apple does do a TV someday, maybe this will be used to scrape tweets and tell you what people are watching/tweeting when you can't find anything to watch. That's pretty thin reasoning, I admit, but it was all I could come up even thinking about rumored Apple products/services :)