ATV was very easy to set up and start using. Netflix works wonderful, no lag or loading. Easy to connect to the iMac and use airplay with my iPhone. The remote is OK, works well but it is a pain to enter email and password with the remote, use the remote app for iPhone or iPad.
The UI is slick, the setup was somewhat easy (but would have been easier with keyboard support) and the ability to control music from my laptop and desktop is fantastic (through iTunes via the currently limited "airplay" functionality).
apple for tv11/21/2011
Its a really small box that bridges the computer to the tv. It has netflix and all your Itunes media that your would expect. The Airplay is a cool feature that makes it really handy if you have ios devices like a Ipad.... it can play what your playing on it and then send it to your apple tv so you can see it on the big screen. The airplay isn't supported by all apps. The only thing that is missing is possibly a large hard drive and more of a live tv functionality that would be nice.
Positives: It's small, sophisticated exterior and UI, easy to setup and use. Very well integrated with other Apple products. Stream media from a server on a 5.8GHz wifi network without problems. Easy to mirror your iPad or iPhone to the TV though this device. Negatives: No 1080p resolution, really focused on Apple customers. Should you get it? Definitely, if your into Apple products.
Not worth the money7/10/2011
What can I say but buy the new version of the AppleTV or you'll be missing out on an amazing and convenient little device! I bought two - one for my bedroom and one for the family room! It's incredibly convenient to be able to watch YouTube, Netflix, as well as everything in my iTunes library. A+ for this device!!!