TiVo (S TIVO) co-founders Michael Ramsay and Jim Barton are going to release their new QPlay video streamer any day now. The duo’s company, dubbed Invisioneer, hasn’t officially revealed its plans yet. But it looks as if it is gearing up for an early adopter beta test, and as part of these efforts just published a demo video of the QPlay product as well as other interesting documents online.

The demo video, which appeared on a subsection of QPlay’s website a few days ago, shows us how QPlay is going to work, as well as how the company is going to pitch the product: At the center of the offering is a red TV streaming box that looks a bit like an external hard drive, and connects via HDMI to a consumer’s TV. QPlay comes without a remote control instead using a dedicated iPad (s aapl) app that the company has…