After applying the AppleTV update and the manual 2.0 install for my iPhone, I've spent some time with the remote application and the AppleTV. Bottom line: it allows you to access all of the content on your iTunes / AppleTV account, i.e., I'm able to access all of my movies, TV shows, podcasts, and music, select them, and then control them with the iPhone. That said, I have had two instances where the AppleTV has glitched out, resulting in the Apple and a reboot. Before using the remote, I've never had a reboot with my AppleTV, so I'm guessing some small bugs need to be squashed. All in all, a really nice free app that will be especially useful when I can't find the small remote or, better yet, when I'm upstairs and my kids come to me asking me to put on a kid's show, which I'll be able to do remotely!