I Hope not...
I have had one since early july, and i like it. I mostly use if for music playback. It really is a great way to be able to access all the music locked up in my mac. Sure, it's not the only way to do it, but it is a good way. I like that it is a dedicated piece of hardware and I don't have to set up anything to use it... other than the TV, of course... the interface is beautiful, simple and efficient... like an iPod.
( It amuses me how much apple can do with such a basic remote. if Marantz made the apple TV, it would have a remote with dozens of buttons. Think I am kidding? I have a Marantz remote with 106 buttons!!)
I think AppleTV does a good job of streaming video and music. My teenage kids have amazed and entertained their friends by showing them YouTube content on the "big screen"... once they start, it is usually a couple of hours before they give it up.
Suggestions for improvement:
A way to bypass the TV, maybe a good remote that would show the itunes content with controls to stream/sync to the receiver independent of the TV?
Surround sound would be nice, but I can live without it.
the ability to purchase content from iTUnes from appleTV would be nice, but not necessary.
Inernet radio would be great.
More/better video podcasts (not that this is apple TV's fault...)
Bottom line: For what it is, AppleTV works well. If you don't expect more than it is designed to do, you should be happy with it. It is not designed for many of the functions people complain that it does not do!