Did you hear the news about Amazon and TiVo teaming up to create Amazon Unbox on TiVo [1]? The service will allow TiVo subscribers the ability to play movies and television shows either rented or purchased on its site and will cost $1.99 for television episodes and between $9.99 and $14.99 for most movies. Rentals start at $1.99.

Download times will vary depending on your actual Internet connection speed and the length of the video. With a fast broadband connection (5 Mbps), a movie can download in about an hour, while a 1-hour TV episode can download in about 30 minutes. However, on a slower broadband connections (less than 1 Mbps), a movie could take up to 5 hours. What do you think about this new service? Will you be jumping on the Amazon Unbox on TiVo train?