LG recently announced a partnership with ARM that will allow the new LG web TVs to be fitted with processors as well.
Thus, the television sets will become more useful and faster, so that video streaming buffering waits are a thing of the past on the new sets.
ARM currently works with Apple on the iPhone 3G S, which is one reason why the new model is supposed to allow users to browse the internet much faster.
While internet widgets are not uncommon for new television sets, LG should have the advantage in the market with the ARM processing chips, as they will be well equipped to produce streaming video at speeds of 1080p.
The sets not only will be able to display streaming video from the internet, but are likely to contain many widgets and features that resemble the wide array of applications that are popularly found on SmartPhones such as the iPhone.
In other words, with the addition of a processor, your home TV will be as useful as your home PC, only with a slightly larger monitor and without a keyboard, although the remote could work out well as a mouse!
There is no official date on the release of the new LG television sets but industry experts anticipate seeing the new sets by January 2010.