Falling right in line with the news TiVo CEO Tom Rogers hinted at back in March, the struggling company is readying the highly anticipated HD Series 3 "Lite," which will target a much wider range of consumer with a price point of around $299. Some tenacious (and possibly connected) fans posted specs and pics on the TiVo Community forums, much to the delight of broke DVR users across the globe. The new model will axe the OLED display and THX certification, and swap the deluxe remote for a standard model, but the specs remain fairly close otherwise. Here's a geeked-out rundown to keep everyone psyched: BCM740x DVR CPU with integrated MPEG-2 and MPEG-4 decoders, 1x dual MPEG-2 encoder, 2x Samsung S5H1411-based tuners, 128Mb DDR SDRAM, and a 160Gb SATA HD (down from the Series 3's 250GB drive). All in all, a pretty attractive package when you don't have a lot of cash to burn.

Things are looking good for TiVo this morning after posting their Q1 financials. According to some, this is their "first-ever quarterly profit." However, we seem to recall a time back in 2005 when the quarter ending July 31st was supposed to be their first ever quarterly profit. Whatever, the real news comes in the form of the Series 3 Lite -- a "lower priced" HD offering targeting a wider audience when it's released sometime "later this year." Right, the same box we heard about back in March. Also announced was the August commercial launch of the Comcast Motorola TiVo -- no, really -- initially rolling out in the New England division meaning Boston and vicinity will have first dibs. The final bit of news is the launch of TiVo products in Australia and New Zealand under the Helm of Seven, Australian's leading broadcast company. A good day (G'day?) indeed.

Read -- Series 3 Lite, Comcast Motrola Tivo, Seven deal
Read -- "First ever" quarterly profit
Read -- The first ever quarterly profit (2005)