I am a huge fan of the existing Apple TVs (I have 2) and was looking forward to the announcement yesterday. But I am very disappointed. Here are my main problems with the new model: -No buying videos or TV shows - This is my biggest problem with the new box. I, like many people, often want to buy movies/tv shows, especially if you have kids who like to watch the same movie repeatedly. This option is no longer available. Moreover, this change to an all rental model, does not only affect purchasers of the new AppleTV, as presumably the ability to buy movies and TV shows is going to no longer be available to users of the old Apple TV. Do we know for sure that this is the case? -No internal storage - Streaming is not always stutter free for most people. It is for this reason that I hooked up an external hard drive to my existing AppleTVs, so I don't have to deal with streaming. But even without an external hard drive, it is better to have at least a small internal hard drive on the Apple TV to store material so you don't have to rely on streaming and don't have to always have your computer on to view your ripped stuff in iTtunes. Hopefully, ATV Flash or someone will quickly come out with a hack allowing you to hook an external hard drive to the new Apple TV. -Ripped movies now will be listed under "Computers" rather than in the Movies tab under "My Movies" or in the TV tab under "My TV shows." Much less clean, plus I'm not sure yet how things are going to be organized under the "Computers" tab - will the interface break up TV shows, movies, music, etc. Regardless, the existing way was better. -No Pandora (or any of the other channels), which you get with the Roku box. This makes the addition of Netflix less interesting to me, as I am better off just sticking with my existing Roku box (which anyone else can now get for $69 I believe). I just hope that Apple continues to support the existing Apple TV in future versions of iTunes, as it is a much better, more useful piece of equipment for my purposes.