I think now's a great time to buy a Apple TV. The new form factor will be a standard for quite a while, I think...quiet, cool and fast...the new standard. No hard drive. It's not going anywhere. I have one in my bedroom and it's awesome...have the 160GB version in the living room...only reason the new one's not in my living room is my older HDTV is a projector-style and doesn't have HDMI.