I am not a fan of jailbreak, but in this case you can jailbreak permanently since a couple of weeks it and make it connect nas etc. and play a lot of formats too. I use it to stream movies from itunes, which i import from other formats, youtube and video podcasts... I would love though to have lovefilm on it. I think apple is about to open it more, I heard something, so that you might have official apps on the apple tv as you have on iOS.