I currently have a Windows VISTA based HTPC I built, hooked up to my 42" 1080p Plasma TV. I rip my Blu-Ray disks using DVDFab and just take the main movie only with the audio options I want and subtitles I want and convert it into ISO and store it on a network storage. Saves a bunch of space compared to ripping the complete original ISO. I use Media Center with MyMovies on the HTPC. PowerDVD plays the Blu-ray disks after the image is loaded by Virtual Clone Drive. With a Media Center remote it all works great. I have optical audio from the HTPC going into my HT receiver so I get surround sound. Occasionally I do get a freeze. Could be Windoze or PowerDVD problem who knows. Then I have to hardboot.
Being an Apple fan boy I ordered the new ATV. But I wonder now if it makes sense for me. Converting my 1080p disc images to 720p and losing surround audio (I might be wrong here but it appears that we can't include DTS-HD in m4v files??) doesn't makes sense. I converted a couple of discs using MakeMkv and Handbrake. Takes a lifetime to encode on my PowerMac G5 Dual Core 2.3Ghz. Literally 16 hours. A little faster on my MBP but still in the order of 8 hours or so I believe. My current setup takes 45 minutes or so using DVDFab to create a Blu-ray ISO with just the stuff I need and I am done.
The new Netflix interface sounds enticing. But my Samsung Home Theater receiver/Blu-ray player has Netflix built in. Work alright. Not a great interface like the new ATV but does the job.
So wondering if the new ATV makes sense for me. Airplay is probably the only feature I can think of that I don't currently have. But I can play all media (movies/music/video/photos) that are on the network drive via the Media Center interface.
Trying to justify the $100 I spent on the new ATV
. I wish ATV would let me play Blu-ray ISO or at least mkv files without having to compress them and lose picture quality and HD audio 
Being an Apple fan boy I ordered the new ATV. But I wonder now if it makes sense for me. Converting my 1080p disc images to 720p and losing surround audio (I might be wrong here but it appears that we can't include DTS-HD in m4v files??) doesn't makes sense. I converted a couple of discs using MakeMkv and Handbrake. Takes a lifetime to encode on my PowerMac G5 Dual Core 2.3Ghz. Literally 16 hours. A little faster on my MBP but still in the order of 8 hours or so I believe. My current setup takes 45 minutes or so using DVDFab to create a Blu-ray ISO with just the stuff I need and I am done.
The new Netflix interface sounds enticing. But my Samsung Home Theater receiver/Blu-ray player has Netflix built in. Work alright. Not a great interface like the new ATV but does the job.
So wondering if the new ATV makes sense for me. Airplay is probably the only feature I can think of that I don't currently have. But I can play all media (movies/music/video/photos) that are on the network drive via the Media Center interface.
Trying to justify the $100 I spent on the new ATV