The ATV2 was rocking an A4 chip, don't know if that's the only difference though.Looks that way. Same A5 CPU. Ram etc.
I know it nows plays 1080p but on the same specs?
Apps will run off iCloud. As long as the CPU and graphics can handle it so single core A5 chip with dual core graphics should be adequateAppleTV2 has an A4. Not sure if they snuck some storage into the new one though, but IF it doesn't then our dreams of getting AppleTV Apps might have to be held off until next year.
Apple seems to report playable specs on the conservative side. For instance Apple does not mention the ATV2 can play high profile H264 (but mentions the ATV3 can). However I have no problems playing them on my current ATV2.I get a bit confused by the 30 fps notation. The ATV2 is playing 60 fps rips with no problems...