Just a few hours before our live coverage of the XStreamHD press event (11am PST) with Michael Douglas; many of the details have been released and we have to say this thing looks so incredible, we don't see how it can live up to the press release -- this is one of those times when we'd really love to be wrong. For starters, the service promises to deliver "the latest content from leading studios" in 1080p (MPEG-2 and x.264) with 7.1 channels of lossless DTS-HD Master Audio (96kHz/24bits) to your home via satellite, and if it stopped there it would be impressive enough, but no. The content is stored on the internally in your "Virtual Personal Library" until you access it with up to four simultaneous