I've followed these instructions to the dot, and it hasn't worked.
I was able to create and activate the patchstick without a problem, but once I plug it into the appleTV and hold down the menu and - button, it never actually boots.
I never reach the AppleTV&More boot logo, instead I just see the usual apple tv boot logo, and then it asks me to pick a language, and then it goes to the recovery page which gives me the option to restart, run diagonistics or factory restore.
Does the OP or anyone else have any thoughts on why this might be happening?