Jobs was right about the video part (portable video are a failure even with the new push it will fail). Portable TVs never caught on. The screen is too small to enjoy. I remember those from Casio.

Jobs was right about computers in living rooms (media centers are a failure).

TiVO solved a consumer media need (a friendly VHS recorder with no need to replace the tapes). The iPod solved a consumer media need (take music on computer to go and made the experience easy). Which consumer media need does the Pegasus/MorphOS solve?