Mashable just posted this roundup of the key facts about the newly unveiled Google TV system.
Long story short, you can either buy a Sony TV set that includes the service – which will let you browse web video content as a seamlessly integrated part of your TV-viewing experience – or buy external hardware and hook it up via HDMI. Nobody knows how much it will cost yet, but consumers in the US can start buying the system in fall 2010.
There will be an API in 2011, although developers can start working on some projects today. And, the whole thing will run on Android & Chrome, and allegedly be usable with 3MB/s connections and up.
Which only leaves one outstanding question . . .who wants to buy me a Google TV for my birthday?