Just a few hours before our live coverage of the XStreamHD press event (11am PST) with Michael Douglas; many of the details have been released and we have to say this thing looks so incredible, we don't see how it can live up to the press release -- this is one of those times when we'd really love to be wrong. For starters, the service promises to deliver "the latest content from leading studios" in 1080p (MPEG-2 and x.264) with 7.1 channels of lossless DTS-HD Master Audio (96kHz/24bits) to your home via satellite, and if it stopped there it would be impressive enough, but no. The content is stored on the internally in your "Virtual Personal Library" until you access it with up to four simultaneous DLNA devices on your gigabit Ethernet home network. If you run out of space, you can use the extra drive bays to expand up to 2TB of storage. And because there is so much great OTA HD content, it features three ATSC tuners which can be used with a "Network Video Recorder" -- not sure what that is, or if its extra. And interestingly even includes a PBX that allows free calling between XStreamHD customers. As if this wasn't unbelievable enough, it all starts at $399 and is expected to hit in the fourth quarter of '08.
Full release after the jump.