Yes it IS stupid. A cheapo 'real' notebook you can use without it being connected to the net to do anything is pretty much the same price, plus your old befuddled grandparents could still watch DVDs and use its webcam to skype their idiot son's children.
There is NO compelling use scenario for this box over a cheap notebook (you know, those things that COME with a screen, keyboard, mouse, DVD drive, more than 8gb storage etc etc etc). And I'm pretty sure all notebooks can easily be hooked to a TV, though you don't need to.
Add the cost of the extras NEEDED to use these boxes and then ask yourself if its value for money or just a scam to separate stupid morons from their cash.
Hell, why use the awful google docs when you can get a REAL office suite for basically nothing and be able to use it when you're not connected to the net.
These things are a con. A linux OS adulterated by google for the sole purpose of collecting as much info about their slaves, I mean users, as possible. Google are NOTHING but an advertising agency. Everything they do is in order to identify YOU and YOUR habits so they can more effectively market stuff you don't need or want directly to you. Yeah, I'd trust them.