On the box itself
Here's where things get interesting. Because all of the video processing is actually done on the box itself, you can play any kind of web content back regardless of whether or not it will play on your iPhone.
Yes, that means full Flash videos and websites like Pandora and Hulu work like a charm. We queued up an episode of Modern Family for free on Hulu on our device, snapped our wrist, and were watching within seconds.
We aren't going to judge playback at this point because the hardware has not been finalized, but we were assured that it would be able to handle HD content without a hitch and
happy we're inclined to believe these guys.
