Conclusion: Setting it up was a nightmare, the device crashed easily, and it isn't attractive, to boot. Still, when it's up and running, the product has an impressive feature set. If Apple TV is for the iPod-familiar, hands-off user, then the Netgear is for the patient, hands-on BitTorrent addict.
Pros: Very versatile media extender. Plays lots of DRM-protected files. Can access YouTube and Flickr over the Internet. Records TV via your computer. Plays content directly off USB drives.
Cons: Crashes more than Billy Joel. The complex setup process may prove tricky even for networking pros. Interface graphics and device itself are ugly. No hard drive. Can't auto-update its media library.