Apple has announced the new version of Apple TV, which will stream content from YouTube, Flickr and MobileMe, as well as music, photos and videos from PCs and Macs to your HD TV.

Apple TV has built-in HDMI, wi-fi, ethernet and an internal power supply. The latest version is also said to be 80% smaller than the previous generation.

“The new Apple TV, paired with the largest selection of online HD movies, lets users watch Hollywood content on their HD TV whenever they want,” said Steve Jobs, Apple’s CEO. “This tiny, silent box costing just NZD$169 lets users watch thousands of HD movies, and makes all of their music, photos and videos effortlessly available on their home entertainment system.”

Apple TV will be available “late this month” for a recommended retail price of $169.