AppleTV + Time Capsule

The AppleTV announcements were expected but still welcome: HD Movie Rentals and lower pricing. What was unexpected is the news that it won't require a computer. Does this simply mean that you can rent movies from appleTV without iTunes or that a customer doesn't have to have iTunes at all?
1280X720 compressed won't hold a candle to Blue Ray 1080P but more content is great and it will look better than Amazon Unbox on Tivo.
The 160GB limit has always bugged me on the AppleTV. The AppleTV can't mount a remote volume, except to be a streaming endpoint. No announcement was made linking AppleTV and Time Capsule but the combo intrigues me....The OS can do spanning across multiple volumes no problem....Can we have file extensions that unify across multiple Time Capsules to allow for lots of storage?
Is there a media storage product here? No, but an indication of interest from Apple is a nice thing....
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