So, it was inevitable that Apple would drop features from the Apple TV 3.0 software in the new 4.0 software because of the move to iOS. But some of the missing features (like nested folders) are important. Here’s my list of missing features/bugs: 1. Nested folders within Movies and TV Shows are now gone. TV Show seasons are presented as separate listings that are not distinguished from other shows. Movies cannot be organized into collections (such as the “Star Wars” or “Batman”). 2. iTunes Extras and LPs don’t work. 3. AirTunes Speakers are gone. 4. Favorites within Radio are gone. 5. 480p, 1080i and 1080p output (only does 720p now) is gone. 6. Video playlists don’t continue after first video when using the Apple IR Remote. 7. Audio track descriptions (Commentary, Stereo, etc) don’t show up in the audio pop-up menu within a video. 8. Seasons are sorted incorrectly. 9. Playlists and Smart Playlists are sorted differently from iTunes. 10. Year metadata is missing from Movies. 11. No watched, partially watch or unwatched indicators for Netflix content. 12. No HD label for Netflix content. 13. No Netflix streaming quality bar or indicator. 14. Instant Queue is not the first menu selection within Netflix. 15. Unwatched/watched indicator bugs within certain menu selections. For example, viewed Podcasts aren't always marked as watched. 16. Remote.app doesn't wake Apple TV from sleep. Any veteran Apple TV owners noticed other missing features?