We first heard that IPTV functionality would be coming to the XBox 360 back in January and now it looks like the feature may finally be nearing release. An Xbox360Fanboy reader recently had his unit repaired and upon its return found this mysterious menu item in his Dash:
Attempts to activate the option lead to an error screen. How exactly this pre-release software got loaded onto the Xbox is a mystery but it may be a sign that IPTV is a part of an upcoming Dashboard update.