Microsoft show-cased Memphis this week at the Explorer Technical Reviewers Workshop.
The next release of Windows 9.x is due to go into beta in the next few days. Bill Veghte, general manager of the Windows platform at Microsoft US, said Memphis will continue Windows 95's bid to take the operating system into the home.
He said NT 5.0 will still be aimed at corporate users, while Memphis could be used by companies, "if they preferred".
Microsoft did little to clear up the confusion over which operating system should be used.
Veghte said: "Some people use Windows 95 because of its compatibility with previous operating systems, while some companies use NT for its performance. It's important to remember both architectures are the same.The one computing size fits all argument is not true - I need a Windows family. We will continue with this strategy."
As well as improvements such as faster shut down, Memphis will get enhanced ISDN support, multilink channel aggregation and 56K controller-less modem support.
Microsoft officials demonstrated Memphis receiving video and digital cable images from existing broadcast, satellite and cable infrastructure. The company also showed Memphis broadcasting television programmes and scrolling through an interactive TV programme guide.
Officials recommended the beta should be a run on a 16Mb hardware platform.
Could be used for everything from search-and-rescue robots to wearable tech
Don't require the rare material being mined from the mountains of South America
IBM hopes that its new tool will avoid bias in artificial intelligence
Found by calculating the strength of the material deep inside the crust of neutron stars