Man I am excited about the new Apple TV. My wife and I just had our first son and I picked up the new iPhone 4 a few days before the birth to capture the moments. The new iPhone takes beautiful HD video and pictures. I was completely amazed that technology has progressed so much for a device so small. The really great thing about it was the ease of use/portability. Every time there was a special moment I just quickly whipped it out of my pocket and captured it and could switch from taking video to pictures with just a tap. It worked out very well. Now the reason I'm so excited about the new Apple TV is because it will play 720p/30 video straight off the iPhone at its highest quality with no conversion or hacks necessary. In fact, once iOS 4.2 is out, I won't even have to sync my iPhone to the Mac to view it on the big screen tv. I can just stream the HD video and pictures of the new baby directly from my iPhone using Airplay! This November, my whole immediate family and their families are meeting up for Thanksgiving and I'll be able to take my little ATV with me and show it all directly from my iPhone on my parent's HDTV using Airplay. Plus we can watch moments that I capture while we're there the same way. That is awesome! I had been planning on getting the old Apple TV for a while but the fact that it couldn't handle HD video I captured from an iPhone 4 held me back from purchasing not only the ATV but the iPhone 4 as well. The added horsepower and functionality of the new ATV sealed the deal. This kind of hardware/software integration is what I like most about Apple. I really am looking forward to this!