What would it mean if Apple's invite to their next event says something like "We'd like for you to watch this."

Will it be an iWatch or an iTV? Or both?

Because it looks like the rumoured "iWatch" is imminent:
http://www.patentlyapple.com/patently-apple/2013/02/talk-about-timing-apples-wristwatch-patent-arrives.html

And of course, an "iTV" has been rumoured since time immemorial:
http://techcrunch.com/2013/02/14/death-by-apps/

An idea for a "cheap" iDevice... Plus a living room solution / gaming console / entertainment center / etc. Hear me out! [UPDATED]

I must stress though that is just an idea! Wishful thinking, if you want to call it. But it's certainly not a prediction. :D

Of course, Google or Samesung or whoever else could just swallow up this idea and make it their own, but Apple has the best eco-system and industrial design philosophy in place for this to work and to sell.

The idea is this: cheap 4-inch iDevices, for only $99 (or maybe $149 or $199) each. You can play or run all the games and apps from the App Store, and consume all the audio and video and books you want, and maybe even make phone calls and send/receive messages.