Apple unveiled this week its updated and tiny TV set-top box, with streaming functionality and 99-cent TV rentals from ABC and Fox (other broadcasters have yet to commit to the service.)

Steve Jobs demonstrated a new iTunes-based social network for music called Ping, as well as an upgraded iPod line. The new iPod Touch includes FaceTime with its front- and back-facing cameras. (On-device editing and direct upload to YouTube will also be possible.)

The new Apple TV is a quarter of the size of the original box, with all-HD content, cloud storage and Netflix and YouTube access. The $229 price drops to $99, with pre-orders available.

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Watch Steve Jobs' keynote here.