Editor's Review from CNET

The good: Sleek external design and elegant user interface; simple, streamlined setup; streams music and video files purchased from the iTunes Store; capable of HD video output; includes state-of-the-art 802.11n wireless networking while maintaining backwards compatibility with older Wi-Fi and wired networks; smooth, hiccup-free streaming.

The bad: Only streams iTunes content--leaving it up to you to get your videos into iTunes; current crop of iTunes movies and TV shows look much worse on a big-screen TV; no HD content on iTunes Store; no support for surround sound audio tracks; can't connect to older non-wide-screen TVs; small 40GB hard drive has only 33GB of usable disk space; oversimplified remote can't control other devices; no ability to purchase iTunes Store content directly through Apple TV; no A/V cables included; no Internet radio support.

The bottom line: Although the current lack of high-quality video at the iTunes Store is a major shortcoming, the Apple TV delivers a simple and elegant streaming media solution.

Editor's Review from PCMag

Bottom Line: Moving the functionality of the iPod onto widescreen TV is a great idea. The fact that it works, even better. Still, it's disappointing to not be able to play some video content on Apple TV that I can play in iTunes.

PROS:
Basically a TV-sized iPod. Can stream iTunes content from five computers. Shared iTunes library function makes filling up the 40GB hard drive easy. Stream content when you want to watch it. Could replace an entire stereo/DVD component system for non-stereophiles.

Conditions:
Not all video content that plays in iTunes plays on Apple TV—some QuickTime surgery is required. Same cheap HiFi remote. Video resolution will irk some discerning eyes. Works only with widescreen TVs.