Apple unveiled the video iPod today. More importantly, though:

With the new version of iTunes, consumers will be able to buy TV shows, in addition to music. Shows available for purchase one day after their initial broadcast will include ABC television offerings “Lost” and “Desperate Housewives” and the Disney Channel’s “That’s So Raven.” It will take 10 to 20 minutes to download an episode, said Jobs. Each will cost $1.99 and will be ad-free. Users can also download six short films from Pixar Animation Studios for $1.99 each.

We had heard rumblings of this internally a few weeks ago, but for obvious reasons no one could or would confirm it. This is a great thing, though. The video is good enough to play through a TV, meaning that you could literally skip the Tivo and take your shows with you to the gym. No more watching whatever happens to be on while you’re there.