TiVo's YouTube player that was announced back in March is finally going live today and will allow streaming, yes streaming, of all H.264 YouTube videos. It's a major part of the 9.4 Summer Update that is hitting all boxes by the end of this month. Even though all boxes are receiving this update only Series 3 and HD TiVos will be able to see the YouTube feature, sorry Series 2'ers. We haven't gotten a hands on yet but we've been briefed on how it will function and it actually sounds usable.

Full story: gizmodo.com