My initial impression is that in some ways this is a step backward.
If you have movies, music, tv shows or photos, they are not as easily accessible as the 1.0 version. You have to go to the "Computers" menu and look there and then the organization is not great.
For example, previously when you were in the TV shows menu there was a "My TV Shows" item and it would show both the ones on the computer and the ones available to buy. Now it only shows the ones available to rent unless you go over to the computer menu.
I'm not impressed so far.
But what about when there is more than one person in your household? The menus in 1.0 weren't optimal because it didn't cleanly separate each library and treat them all equally. Yes, my wife could sync her computer and see her shows under My TV Shows but then if I clicked on "My TV Shows", I wouldn't actually see mine. Only one library would show up that way.
This way, if I wanted to watch or listen to my content, I just go directly to my own library. When my wife wants to use her content, she goes directly to her library. Same thing for the kids. The main section is all content streamed from the internet instead of locally streamed. Everyone has their own section and no one's content is promoted above someone else's plus there is a separation between content streamed from your own local network and content streamed over the internet.
I think it's simpler and more intuitive that way. If you live alone I could understand but it's not that big of a deal. You just now get the separation between locally streamed and streamed over the internet. This might become more important as they start filling out the internet streaming category. Before there were only two items there.