Another potential gotcha -- you need an Apple ID and an active internet connection in order to make any use of the new Apple TV. It won't even allow you to stream from a computer because it wants to "phone home" to verify your Apple ID and password. The old Apple TV didn't have this restriction because the handshake occurred over your local network between the Apple TV and your computer. However, now with the dependency on Home Sharing it needs to verify your Apple ID and password with the iTunes Store.
Perhaps this is a one time deal (verify once during the setup), if not it will be a real hassle whenever you lose your connection to the Internet.
Perhaps this is a one time deal (verify once during the setup), if not it will be a real hassle whenever you lose your connection to the Internet.