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Apple have pushed out an update for the 2nd and 3rd gen Apple TV devices. The update includes HD previews of movies and includes fixes for AirPlay issues. I saw Firecore warning that if your using ATVFlash for the Apple TV you should hold off upgrading for now.

Details from Apple:

 

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.

 

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