Since I'm getting sucked into the Apple ecosystem more and more (iPhones, iPad, MacBook), I'm thinking about getting rid of my Netgear NeoTV550 and switching to an AppleTV for streaming purposes. Currently all my BluRays are ripped to movie only ISO, so it is my understanding that I will have to convert all of these to mp4. Is there any free software that does this (BDISO->MP4) directly w/o intermediate steps, or do I need to buy something like DVDFab. I have all my content stored on a Netgear ReadyNAS, but it is my understanding that I have to have iTunes open to use the AppleTV. No streaming directly from the ReadyNAS. If iTunes is open on my MacBook, does it actually stream from the NAS to my MacBook to the ATV, or does it go directly from the NAS to the ATV, and just use iTunes for the location information? My ATV would be hardwired, so I'd like to minimize the WiFi. If I start streaming with iTunes open and someone is using the MacBook and shuts the lid, will the streaming stop? I have no real interest in buying an ATV2 and jailbreaking.