One thing that kid of bothers me with this device is the fact that it doesn't actually turn off. It just goes into sleep mode after not being used for awhile. I just it's so the start up time is nearly non-excitant. Which I kind of like. I wish it had a home button but if you press and hold the menu button and it will take you to the main page.
All in all I love my Apple TV and total recommend it if you want to stream Netflix and Hulu plus your iTunes content. But if you have more than just Netflix and Hulu you might want a Smart Blu-Ray Player.