Much smaller enclosure

The new Apple TV is a quarter the size of the old model, which makes sense now that it lacks the internal hard drive. It also has a new black finish that will blend in better with a home theater.
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Photo by: Apple / Caption by:

Dimensions

It's less than an inch thick and 3.9 inches wide and deep.
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Photo by: Apple / Caption by:

Back panel ports

The Apple TV's connectivity has been stripped to just five ports: HDMI, optical digital audio output, USB, Ethernet, and power. There's also built-in Wi-Fi, so you won't need to drag an Ethernet cord into the living room.
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Photo by: Apple / Caption by:

Netflix streaming

The addition of Netflix streaming is also a big change for Apple TV, which was previously limited to iTunes and YouTube streaming video content. Apple TV has lagged behind its competitors with Netflix streaming capabilities, as it's widely available on Blu-ray players, game consoles, HDTVs, and set-top boxes like the Roku Digital Video Player. Even other Apple products, including both the iPad and iPhone, have been capable of streaming Netflix before the Apple TV.
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Photo by: Apple / Caption by:

iPhone-like favorites screen

The favorites screen includes iPhone-like numbers in the upper-right-hand corner, letting you know how many unwatched episodes are available on a given show.
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Photo by: Apple / Caption by:

New remote

The new, aluminum remote included with the Apple TV looks to be the same remote offered as an add-on for the Mac Mini.
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Photo by: Apple / Caption by:
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