Summary: This is a great product if you have other apple products. The best feature is the PhotStream, Apple Airplay. They airplay feature is just amazing and simple to use. About the only drawback is that it that it does not support a lot of formats like the WD Live but what it does it does really well.
Summary: I primarily bought the device for the MLB app and the Apple TV is serving its purpose well. I am a dvr lover. So, I would not give up the way I watch tv now to go with Apple TV or one of its competitors. But, for specific apps like the MLB app, the Apple TV is great. I had a Roku before this. The apps were great. But, the box was cheap (no digital optical audio out) compared to the Apple TV. I would buy the Apple TV again without hesitation.
Pros: -MLB app (U-verse does not have the MLB Extra Innings package) -free digital music -tons of podcast -extremely easy setup
Cons: -occasional buffering (My internet speed is supposed to be up to 12 MBPS and I still get some buffering which is probably normal for these types of media players.)
Summary: For me Apple TV is a way to use an apple propitiatory connection from i-tunes on my PC to my Denon Amplifier. Even though the Denon has Airplay avoiding the CAT 6 cable seems to be a plus. AppleTV allows you to run HDMI from it to my Denon amplifier. I Tested Airplay from i-tunes to Airport Express to amp. In addition as mentioned prior, i-tunes to Denon's Airplay. Apple TV seems to give me the best connection with the least amount of distortion and feedback.