Walt Mossberg of The Wall Street Journal reviews Apple’s newly released Time Capsule. Mossberg reports, “In my tests, Time Capsule performed perfectly with Time Machine. It also was easily recognized by several of my Windows machines running Vista and Windows XP. On all of these machines, I was able to speedily access the Internet via Time Capsule. Time Capsule can be set up to either replace or supplement your existing Wi-Fi router. All the machines, even the Windows ones, also could recognize the Time Capsule as a remote hard disk, and save files to it and retrieve files from it.” Mossberg says “If you use Time Machine on a Mac laptop, then Time Capsule’s $299 price is money well spent.” See what is inside Time Capsule in the “take-a-part” video below the jump.

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ComputerWorld’s Seth Weintraub has compiled some notes from today’s Apple shareholder meeting that are quite interesting.

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Apple CEO Steve Jobs commented about the iPhone’s lack of Adobe Flash player and the upcoming Software Development Kit (SDK) at the Apple annual shareholders meeting today. He said the iPhone needs something more advanced than the Flash Lite player Adobe currently makes for cellphones, but that the full-blown Flash player “performs too slow to be useful” on the device. “There’s this missing product in the middle, It just doesn’t exist. We enjoy a good relationship with Adobe.”

About the SDK release, Jobs said, “you’ll see a lot of apps out there this summer.” He also reiterated the company’s goal of selling 10 million iPhones in 2008.

Jotstick 1.0 is designed for recording and interacting with the screen in order to create training videos, enhance presentations, take illustrated snapshots, and more. It offers recording to MP4/AAC video at up to 24 fps, a live video window, full-screen mode, tools for drawing on the screen, 50 levels of undo, screen snapshots, and other features. Jotstick is $49 for Mac OS X 10.5 (Universal Binary).

OK, you ripped a DVD you own using an application like Handbrake or downloaded a video file so you can add it to iTunes and play it on your iPod, iPhone or Apple TV. What you may have realized is the ID3 tagging system in iTunes is a bit limited. In fact it does not allow you to add information for some fields at all such as description and rating. Here is were MetaX comes in. It automatically retrieves tag information from Amazon and Yahoo!

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