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I like you Nilay. Engadget rounding up all the related news in one post instead of several pointless posts is almost a dream come true. If you will please extend this practice to ALL Apple announcements like you do to every other announcement, I will rescind the 'bias' sticker I have pasted on you.

The plastic board looks interesting, but do we have any sense of its scale?
Technically all radios broadcast on every frequency. They just broadcast most powerfully on the frequencies they are tuned to, and less powerfully (by huge factors) on all the other ranges.

On top of that, you have all kinds of frequency shifting effects from materials found in every day life.

It is quite crowded and noisy out there in the wireless spectrum.

Think of nighttime in a city, where all the lights are on. Sure none of them are very bright, but together they block out the stars.
Who buys this useless shit?
This allows you to take your laptop to a hotspot (or your home wireless network) and connect to it via your wifi card, and then turn around and share that connection with other users around you by creating a new wireless network from the same wifi card.

So in essence its like you have 2 wifi cards in your computer instead of just one.
Its true, there hasn't been a press release, but the Zune Insider talked about this in show # 42 around 24 minutes 40 seconds.

Basically they say the Zune team knows about this and considers it a big deal and is working on it. They talked about how it IS a big deal to release new firmware and I took it as they don't want to release a patch just for a playcount fix, but it will be fixed in the next big firmware release which we all know is coming this November, so probably a few weeks.

Ohh wow, Zune has had this for years. iPhone fail.

Feels good to finally be able to say something like that...
This is NOT where they need to be going... Admittedly LTE isn't quite ready, but 3G is too old and quite frankly not good enough. It would have been smarter to build out a WiMAX network (or a more expensive LTE network) and just kill 3G now.
Let the hive mind of Engadget get that for you.
"I own an iPhone 3G and I'm looking for a decent speaker / alarm clock for it. I am going to listen music in a mid-sized room, so I want nice quality speakers with solid bass. I also want to use it as an alarm clock, so it would be great if there is such a feature. The price can be low-mid to mid-high range. I was looking at the Klipsch iGroove SXT; it's powerful, slick and the reviews are good, but it doesn't have an alarm clock feature. It's no deal breaker if I can set it up from the iPhone, but I'm not sure. Thanks!"

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