Follow the bouncing Apple TV Hackers -- LIVE!
For the geeks out there, this thread is a must read - keep refreshing it. You are watching the planet's best white-hat hackers crack the (almost open!!) Mac OS-X system that Apple shipped on the Apple TV.
This device is an amazing toy and looks like a keeper; I expect, based on what I am seeing here, that a vibrant semi-legit (and officially tolerated, or at least, officially ignored) community of Apple TV-based mashups/bashups is right around the corner.
In plain speak, good news for Apple, not so good for Microsoft.
Here's the link: