From a consumer perspective Google TV doesn't really work for me, and I'm not alone in that thought. Logitech, the first to release a standalone Google TV appliance, just announced that their revenue from Google TV enabled devices was a paltry $5 million in their last quarter. They had anticipated sales in excess of $18 million.
In the meantime, Apple isn't having much trouble selling the AppleTV device and Roku is moving
more boxes than they ever have. I've personally bought both devices in the past several months and the convenience of accessing Internet content on my TV's has become as easy and convenient as using my DirecTV DVR. Google TV commands a higher price and delivers far less access to compelling content. That's not a winning combination.
This next release is the make or break event in the short life of Google TV. If Google can't deliver content in the way that other IPTV devices can, sales will continue to go to Apple and Roku. Logitech may be committed to one more go round with Google TV, but no more.
There will be developer sessions for the Google TV at Google I/O. There may be some hints about the next release of Google TV, but there won't be a new release announced. My thought that a holiday release will be too late to save Google TV may be overblown, but then again, maybe not.