It will be marketed as the Roku LT and will most probably be part of the new low-cost member of the range, and thankfully, this is not a rebranded piece of old technology. While inside you will find a familiar Broadcom 2835 SoC which is also at the heart of the Roku 2 XD, XS and HD, it maxes out at 720p in the same way like the low-end HD.
Despite that, you will find the Roku LT cramming in more RAM (to 256MB) compared to the current budget minded model, although missing Bluetooth connectivity support as well as the lack of a SD memory card slot might justify the relatively affordable price point.