If you decided to jump aboard the Google TV wagon after the price was recently slashed to $99, or if you were planning on purchasing one soon, here’s something interesting you should check out.

Although Google is planning to release the update with Honeycomb sometime this summer, a couple days ago a few developers managed to get it up and running on their Logitech Revues and the full process to install it has been leaked.

Similar to rooting other Android devices, here’s what you need to do to breathe some new life into your new Google TV device. Keep in mind that if you choose to do this, it’s all at your own risk, just as all rooting and jailbreaking is. Also, since this is beta, expect some bugginess.

• Copy the update.zip to a Fat32 formatted USB drive, place it in its root (ie /mnt/usb/update.zip or E:\update.zip)

• Plug USB drive into Revue. Fully unplug revue. Plug it back in, count to One (a long one, say one mississippi), then hold down the connect button (keep it held). The Revue logo will come up, and the box will reboot, your TV will lose signal, and come back to the Revue logo. At this point, let go of the button.
• The GTV logo will then show up, with an arrow and a horizontal “barbershop scroll”. At this point, on your Revue’s keyboard, press the FN key (in yellow) and the left arrow (to the left of the OK button). It will then come up to a recovery menu.
• Hit “Apply update from sdcard:/update.zip”
• The box will verify the update, and reboot. This is normal. It is installing an updated bootloader and recovery image (both, heavily encrypted).
• Then, the box will come back on, and flash the latest kernel and system files. Once this is done, the box will reboot again.
• This bootup may take a few minutes, at first you will see the Revue logo, then the Google TV logo, then the “new” logo (a grey TV over a ball glowing red). Just wait it out.
• You can then begin setup, as normal. You may notice some crashes – this software is still beta, you should be able to force close and continue.

Enjoy!