Except no iTunes Store, no AirPlay, etc.
I take playing blu rays over itunes any day of the week. Do most of you pay for itunes movies? I like my Digital copies but only for my iphone or iPad or computer. Watching even the HD ones that aren't 1080p blu ray quality on my tv isn't good enough. I have 50 legal digital copies and probably around 50 movies I downloaded elsewhere. I just don't see a $100 value in the Apple TV. So many better cheaper options out there. Itunes can be achieved with a cheap cable that connects your comp to your TV. Airplay the express does it for the same price and better I think. Main reason to get it is for nextflix, hulu and basically every device that can get internet now has both. Hell get a used wii off craiglist for $20 bucks.... not HD but w/e.