Another countdown to Macworld, another rumor! This one says that Apple is developing a turbo-boosted version of Time Capsule that would offer HP Media Smart Server-like capabilities. Some of the more nifty, iPhone related features, according to 9to5Mac, could include:

The device will tie in MobileMe with an Apple built-in Dynamic DNS system. For instance, if your MobileMe account was "9to5mac", your domain name would be "9to5mac.me.com". This is how you'd reach your filesystem throughout the Internet. Your media would also reside here. [...] Sharing media with iPod Touch and iPhones both over the Internet and while at home. AppleTV as well.

Hey, if multiple drives and RAID-5 (RAID-6!) are in the cards, it might even be a viable Drobo alternative -- something that's already the darling of the Apple community...