Apple TV is a digital media receiver made and sold by Apple. It is a small form factor network appliance designed to play digital content originating from the iTunes Store, Netflix, YouTube, Flickr, MobileMe or any Mac OS X or Windows computer running iTunes onto an enhanced-definition or high-definition widescreen television.
About a quarter of the size and one-third of the price of the original Apple TV, the new device can stream rented content from iTunes and video from computers or iOS devices via AirPlay. The new version has 8 gigabytes of flash storage, possibly for caching purposes. However, all content is drawn from online or locally connected sources.
In this video, Jon Rettinger will be giving you an extensive review of the new unit from Apple.