This is very interesting.
My first reaction was that it was a step back to the old console stereos, TVs, etc. Early electronics was designed as furniture, in part to get people to accept putting it in their homes (if it looked like an Edwardian buffet, better to match the dinette set. This continued up until around the mid 60’s when companies like Electrohome, B&O, and Clairtone challenged the paradigm and made electronics look like electronics.
This is also not too far off the parallel of how Apple challenged what a computer looked like (ie. first Macintosh, iMac, current iMac), but I don’t want to get too off topic.
Currently IKEA is in the CE space offering kitchen appliances made by Whrilpool which make everything from low end Maytag brand, up to and including Whirlpool, Kitchen Aid, jenn Air, and a few European brands. Quality is pretty good (on par or a bit below Kitchen Aid) and design is very high end. For example this microwave I’ve posted before. More contemporary than even Kitchen Aid.

(actual model now has a mirror finish)
What I don’t really get is the innate strategy and combination of furniture quality with the electronics. We will still have to see where these are at price wise, but typically people buy a TV for a much different lifespan than furniture. IKEA furniture is short term. Maybe 5 years max while you are in college or buy your first apartment. People typically have TVs for around 10 years, though of course the industry is trying to change that with all kinds of new gimmicks like 3D, etc.
IKEA is really great at cheap furniture, but aside from their kitchen stuff (all hardware is BLUM, and some doors are made in Italy), is pretty low end. I don’t want my TV table falling apart if the TV is OK.
Not to mention that these “all in one” systems are always a problem like the old CRT TVs with built in VCRs. One thing goes and the whole thing is scrap. Far too much to risk with a TV, stereo, speakers, DVD player and cabinet all in one unless is somewhat modular (maybe? IKEA is good at modular).
Most importantly I don’t see the fit for the typical IKEA customer who has an everchanging life/home. Students, first time home buyers, renters, etc. Your TV/console may fit now, but what about when you move in 6 months?
It’s a really interesting play, and one I could see as a student project 10 years ago (one of those expand the brand things), but in real life, I’m not sold. That said, recently have been spending a lot of time at IKEA (new kitchen) and am very impressed with what they do have in some areas if you know what to shop for and can get a little clever.
R
PS> Let’s keep the post on topic. If we want to argue over the Apple TV, start a new topic.