Easy access to iTunes content on the big screen.
Cons Limited streaming options.
Audio ok at best
Summary All the streaming devices have good and bad. The big win here is certainly AirPlay. My biggest gripe is with audio. I've spent considerable money and time making a FANTASTIC audio system for movies. Blu-Ray movies will give an experience better than any big theater can offer on the audio side. DTS-HD Master is king. None of the streaming boxes can do better than Dolby Digital. Fine in the old days but shows its age next to Blu-Ray. Perhaps someday we can get both quality video and audio in a streaming world.
Cons No cons in my opinion.
"Disappointing."on by codeduffer
Pros Very few buttons on the remote.
Cons Most of the buttons (not all) on the remote do not work anymore. This after only a year of ownership. Furthermore Apple's support website is hopeless: unclear, ambiguous, incomplete and misleading instructions abound.
Summary Apple's reputation was originally built on good products and customer service. IMHO, their product quality is now eroding, in tandem with new generations of products that are impossible to take apart and fix (I'm a retired hardware engineer by the way ...). And their service is available only at a very expensive price once outside of the initial ninety days.
Pros Connects to WiFi for streaming and sharing with other devices. Uses iCloud to access music, home videos, pictures, movies etc. Comes standard with Netflix and Hulu Plus. The AirPlay feature from my cell phone, tablet or laptop is by far my favorite
Cons You cannot share your screen from your computer... but you can play videos and show pictures from almost any app on the computer! (AirPlay)
Summary LOVE IT! BUY ONE (OR TWO OR THREE!)
Pros Podcasts, Netflix, Portability and access of movies purchased through Itunes, Air play abilities, Accessing your photo stream wherever you take your Apple TV
Cons Syncing of the photo stream still having issues. Stop bringing out new versions, making pointless updates; instead focus on existing issues like the fact that I have 50+ photos on the cloud but half the time Apple Tv only pics up 5 of them.
Summary I feel Apple TV offers a magnitude of entertainment all in a small very portable package I just wish they would fix things that to them might not be important but to me as a consumer that wants to see family photos on my screen saver I am very disappointed that this hasn't been fixed...two years later.