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Toshiba is reportedly working on an LCD television powered by the PS3’s Cell processor. Apparently Tosh reckons the chip can be used to deliver top-class upscaling, transforming standard low-def pictures into pristine HD images - or at least a “very close approximation of high definition”, as well as the ability to stream several feeds at once - like in this picture.

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Toshiba

Toshiba’s put the same Cell processor from the PS3 into a TV, so it can upscale anything you throw at it!

Toshiba has given us some face time with its newest TV technologies, and among the super-slim screens, USB and Bluetooth-equipped TVs and picture-frame plasmas is this: the world’s first TV with upscaling built in.

The screen is powered by a Cell processor - the same one found inside Sony’s PlayStation 3 console. But here, it’s upscaling standard definition video to near HD quality, rather processing Blu-Ray films or playing games.

Its inclusion inside a TV means there’s no need for an expensive upscaling DVD player to enjoy an existing disc collection, and should make signals from Freeview look akin to those from Sky HD.

What’s more, the Cell processor is designed to handle multiple video streams, and we understand it should mean the TV can preview up to six HD streams at once, before letting you watch one full-screen.

The TV itself is still in development, but the technology clearly works. Toshiba says it hopes to announce availability of upscaling screens in the second half of the year. Stay tuned, and check out our video below for a closer look.