It looks like Logitech is out of the Google TV market:
The mistake, plus “operational miscues in EMEA” cost the company “well over $100M in operating profits.” De Luca did throw Google a bone by saying that he believes Google TV will have a chance sometime in the future, but it would be a “grandchild of Google TV” that would do it. Logitech clearly has no plans to help make that happen, opting instead to sit “on the bench” (as De Luca had put it in an earlier call) until Google can find success.
The real problem, though is that “Internet on the TV” is not where TV watchers are going. Instead, most TV watching is trending towards being a two-screen experience: you watch the show on the big screen, and chat about it on Twitter or Facebook using a mobile, laptop or tablet. The idea that you do everything on the same screen is just too ’90s.