The folks at GameVideos
provide a good look at IPTV via the Xbox 360 and have a question and answer period with two Microsoft execs, Chris Satchell and Albert Penello.
Satchell and Penello discuss Microsoft's strategy for the Xbox 360 as an IPTV set-top box and their plans on utilizing it as a personal video recorder (PVR). Microsoft currently only provides a 20 Gb hard drive, which would only allow for a limited number of recorded movies or television shows. Clearly Microsoft will need to provide a hard drive with larger capacity to provide decent PVR capabilities. With that being said, Penello speculates about a different version of the Xbox or hard drive for a consumer with IPTV contrary to a retail consumer.
While Microsoft has only announced a single partnership with AT&T for use of the Xbox 360 with their IPTV U-verse service, Satchell says the company is talking to a lot of providers now.
Part two of the interview is here