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.