Engadget has learned that Roku will soon be updating their streaming box. The new model will be called the “Roku XR” and will look nearly identical to the current model.

The device will gain 802.11n, a USB port, and will be losing the dedicated reset button. No word on pricing or availability but Engadget’s Darren Murph thinks we’ll know more before Christmas.

I’ve been considering the purchase of a Roku streaming box. The amount of time between receiving a Netflix disc in the mail and sending it back is growing. I don’t use Netflix streaming very often but I think if I had the Roku box I would take advantage of it more. I spend $15 a month on Netflix and would like to feel like I get my money’s worth. But, with word that Roku will be updating the box soon, I’ll certainly wait to hear all the details before making any purchasing decisions.

Update 10/27/09: The Roku HD-XR has been officially announced (PDF). The device has 802.11n and the rumored USB port is for “future use.” The XR is available now for $129.99. Roku also announced the Roku SD, it will cost $79 and will only have standard definition outputs and 802.11g.

In a few weeks Roku will be launching their new Channel Store which will allow users to view content from additional providers.

Update 11/23/09: Macworld’s Dan Frakes reports that Roku will announce the Roku Channel Store on Monday. The store will have ten initial channels, including: blip.tv, Facebook Photos, Flickr, Mediafly, Pandora, Revision3, TWiT.TV, etc.