The Xbox Home station is another rumor that is floating around. It is believed to be a combination of your Xbox, Dvd (which the Xbox already is), TiVo, a built in Dolby Digital receiver, and an internet connection.
If these rumors are true then that would mean that Microsoft didn't stick to there original statement of trying to keep the Xbox seperate from a PC. I for one wouldn't care if they did release it but I wouldn't buy one14 only because I already have all of those things except for the TiVo.