I think it's more of a wireless media interface for your Mac. The Mac does the heavy lifting, the iTV is the wireless output and IR receiver (in most basic terms).
"I have a MacBook Pro and an Xbox 360 and I would like to get a 20- to 24-inch display that will support both devices. The speakers should be inbuilt, or there should be an aux out on the display to hook up external speakers. Help! Please!"
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I think it's more of a wireless media interface for your Mac. The Mac does the heavy lifting, the iTV is the wireless output and IR receiver (in most basic terms).