Is Google TV Next?

We have heard discussions/rumors about a Google Phone. Now we are also hearing rumors about the next big thing to come from Google, Google TV. Yes that's what people are now talking about - Google TV. The new product by Google may be the next new product to enter your household. 

Google has signed a deal with the electronics manufacturer, Panasonic, and will reportedly launch flat-panel televisions which will enable users to watch YouTube videos as well as utilize other Google services.

It is believed that Google TV, just like most other Google products, will come with targeted AdWords advertising.