It may be small in size, thanks to a built-in power supply, but the redesigned Apple TV gives you “instant access to the hottest Hollywood titles and new releases – often the same day they come out on DVD.” Available now, priced at just $99. Continue reading to see the Steve Jobs presentation. Click here for more pictures.

Since Apple TV features a powerful A4 chip, it streams everything effortlessly, without frozen screens or stutters. Video looks crisp and clear. And just like watching a DVD, you can fast-forward through opening credits, pause for a popcorn break, or replay a hilarious scene until you memorize every line.

[via Apple]