Microsoft is gearing up to unveil a new version of its MSN TV service and hardware with a completely redesigned broadband-enabled Internet receiver.

Working with Thomson, who provides the hardware, the new system is a complete overhaul of the existing device and service based on standard Microsoft technologies and incorporates new advanced technology from Thomson. The product will be available through major retailers in time for the 2004 holiday shopping season.

We have some exclusive pictures and a ton of information on this new service.