Wedge Partners analyst Brian Blair chimes in on the Apple TV rumors by sharing his own predictions. According to Blair, the next-generation iMac for 2012 will integrate the Apple TV and iCloud, turning it into a personal computer with TV capabilities. Blair says:

“We think this makes sense because while we typically think about the newest TV’s hanging on the wall in large form factors, Apple could effectively start with what they already have on the manufacturing line and slowly push their offering from 27 inches and scale up from there to 32 inches and then move on to the 42, 50 and 55 inch market,” he writes. “In short, we believe the initial Apple TV is their iMac computer that can function as a TV, over the iCloud platform.”

I fail to see the practicality of a Mac/TV, but who knows? What do you think?