Google is seeking engineers for its Kirkland office to work on "television technology," according to this ad:

Software Engineer, Television Technology - Kirkland Position based in Kirkland, WA. We are hiring well-rounded software engineers with a proven track record of creating and deploying robust, high-volume applications for consumer devices.

Google Video is a known entity, but notice that the ad uses the word "television" instead of "video." And it makes reference to cable and IPTV systems:

Experience with emerging TV standards such as DVB, MHP, OCAP and DOCSIS would be an advantage, as would direct experience deploying applications with cable or telecommunications partners across the world.

Experience with user interface development for content-rich applications, cable and IPTV headend systems, and digital video technology in embedded systems a plus.

Sounds to me like Google is looking to partner up on a content delivery/advertising system with the Comcasts of the world. Or am I reading too much into this?