This update brings Netflix fixes and the ability to watch iTunes Store previews in HD. Full details inside.
Apple TV Software Update 5.0.1
iTunes previews – Previews for movies and TV shows from the iTunes Store can now be viewed in HD.
AirPlay – Fixes an issue that caused some iOS apps to have trouble connecting via AirPlay.
Home Sharing – Improves the reliability of Home Sharing connections.
Netflix – Addresses an issue affecting Netflix login and navigation.
Stability and performance – Includes fixes for issues affecting stability and performance.