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I have 2 ATV's - love them.
What are your specific concerns.
HDMI to TV.
Access WiFi.
Turn on Home Sharing in iTunes and keep iTunes minimized.
To stream off PC without the iTunes BS, I use Plex. You can Google the setup instructions. A little tricky since you have to setup server access through your router but worth the trouble. Basically you trick the Trailers app into thinking your home network is Apple's server. Works great for streaming ripped or downloaded content without converting to iTunes narrow list of acceptable formats.
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