The second paragraph is the most interesting: "...Leckie said Seven had not decided the program format for the newcomer, which will join the main Seven channel and 7TWO. But he confirmed it would appear in 2010". Rest of the article talks about digital penetration and shares and the hope that digital will steal viewers and revenue from pay tv operators.
Let the games begin... again. I think Leckie knows exactly what format this channel will adopt. Given that Seven has registered the names Jim, Jimmy and Dave with IP Australia it's a pretty safe bet this channel will skew young male. They should consider a good ocker name like Davo, also. If the networks get permission to broadcast sport on their secondary channels, I can see it being used for sport, wrestling with other male orientated programming migrating from 7TWO, leaving 7TWO to cater to women with it's mix of lifestyle and soaps.