-Ripped movies now will be listed under "Computers" rather than in the Movies tab under "My Movies" or in the TV tab under "My TV shows." Much less clean, plus I'm not sure yet how things are going to be organized under the "Computers" tab - will the interface break up TV shows, movies, music, etc. Regardless, the existing way was better.
This is my main concern. I stream everything, so internal storage is no big deal for me.
But finding that streamed content *might* have gotten a little funky. As the original poster points out, streamed content shows up in "my movies" - and it shows up with cover art and other meta information if the Apple TV/Itunes pairing is set up as sync, with syncing turned off.
I hope finding my local content isn't going to take more than a few clicks - that's a surprise coming from Apple...they may have just added a step or two to my living room "work flow".
If I can stream hulu plus from my Iphone4, then cable is gone...if I can't, it may finally be time to do the mini/plex shuffle and be done with it. I just wish Front Row could get a makeover, or Plex the ability to play Itunes protected/purchased movies natively.