You just cannot compare Apple TV to anything, it's nothing more than a crappy media player. 720p? What were they smoking? It was a dead product in its zero hour just like the boombox, another nice failure on day one. And the man mentioned the words boombox and audiophile in the same sentence in his presentation. What a joker.
There are quite a few of us who love our Apple "hobbies", me being one of them. I got mine the day it was released and when I hacked it I gave up my cable box and haven't regretted it since. I love the thing.
Oh, and your silly comment about 720p - at the time that was what people had, 1080p was rare. It needs an update now, sure, but I still use my ATV every single day, and I love it. I haven't watched a programme with advertisements in years.