This morning Steve Jobs delivered his annual keynote speech at MacWorld and living up to expectations has announced two long-rumored products: Apple TV and a wide-screen ipod/web-connected iPhone that uses a patented high resolution touch screen display. Read David Pogue’s hands-on review here and Time magazine’s in-depth story about the iPhone here. With Apple’s solid track record, both devices are likely to have significant impact on their respective markets and, in the case of Apple TV, effectively creating a market for web video viewing on a home TV that until now was all but non-existent. Read between the lines and there’s a bigger story: Apple has morphed into a media company and even changed their name from “Apple Computer” to “Apple, Inc.”

When you add Apple’s announcements and their subtext — to the news and gadgets pouring out of the 40th annual Consumer Electronics Show this week, 2007 is starting to look like another year of disruption, disintermediation, and new business opportunities for digital media.