At a price, of course... Apple’s not known for letting content be free! You’ll get the “pleasure” of paying for that streaming video on your iTV, and knowing Apple, it will probably be $1.99 per “channel” selected. After all, if you’re paying $50 per month for cable, why not pay $40 per month to Apple for the 20 channels you “really” want?
Meanwhile, I like streaming Hulu and Netflix and Youtube on my iRobot, my laptop, and my HTPC. All for either free (Hulu and Youtube), or a fixed, low monthly rate ($9 per month for Netflix, and all the instant movies I want).
I can also stream to those devices even when overseas, thanks to the ability to run VPNs on each device (back to a US based computer). It’s nice to keep up with news and shows I like when I’m over in Asia for 5-8 weeks at a shot. I wonder if the iTV will let you run a VPN connection? If not, you’re out of luck if you want to take it traveling with you...
Some in my family have the current Apple TV version. They like it, but I don’t see it for me, I’m not that much into Tv though and don’t have nearly the movie library they do.
I like the Netflix $9 streaming offer. They still need to stream more content, but I’m happy with the value so far.