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Apple on Thursday released Software Update Version 5.0.1 for second and third generation Apple TVs, bringing various stability improvements and bug fixes to the set-top media streamers.



From AppleInsider:
Included in the update is the addition of HD previews for movies and TV shows, AirShare and Home Sharing issue resolutions, Netflix bug fixes and overall performance enhancements.
  Minor Apple TV software update brings HD previews, bug fixes