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I believe it! As people start downloading more movies online, hard drive space is going to fill up quick, especially for those who only own a Macbook.

It's only natural that media migrates to its own location on the network where you have more ample hard drive space, automatic backups and the ability to stream to Apple TV without having to boot up your computer.

I personally hope to see such a device within the next couple of quarters, as per the rumors.

I don't know if it will actually have the ability to stream content over the internet (that would be pretty cool if I could pull up movies on my iPhone), but even if the media server only uses "the cloud" to backup your important files to Mobile Me, I'd still be impressed.
 
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