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Mike we have two - the first and third versions.
Originally bought the first one to show photos, and to play music as I ripped all my CD's long ago.
We use it quite a bit to play movies when there's nothing on. The other things we tend to watch are the ABC (iView) and SBS online stuff - you can only play them in a web browser. To do that I use either a Mac or iPad to play the selection and mirror to the Apple TV.
Lastly I also have an elgato eyeTV tuner, so can record stuff from free-to-air TV, it works well, their software does all the usual things you expect from a PVR as well as simple editing to trim and delete the ads, then transcodes for the AppleTV and exports to iTunes in one step.
The only annoyance is the iTunes Store content is very limited - primarily mainstream Hollywood fare, with very few movies from other countries.
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