There is no longer any reason to use the atv for media consumption. You get much better performance at the same or even lower price elsewhere. Like raspberry pi or cheap amlogic-boxes, at around $30. You might even get some 4k and h.265.
If someone still insists on working on the atv, I would love it if someone did a project like dietpi (http://dietpi.com) for the atv. Have 3 or 4 atvs on a shelf collecting dust. They can still do good work, just not as a media center in 2017->
Just a thought
Almost forgot (shame on me), but I have to give a great big thank you to sam and anyone else working on this project from the start. Very nice work which has given me and many more lots of good use of these old machines.