The new set-top takes a traditional form factor instead of the odd shape of the Boxee Box and does away with the need for a dongle to watch live TV.  It also adds DVR capabilities – something that's definitely welcome in a set-top.  It also sounds like you'll be able to watch this recorded content on your smartphone, but this has yet to be confirmed. There's no word on a release date or price yet, but you can bet that cable cutters are getting excited for this one.