Product: Apple TV aka. Apple TV HD - (continuity is always useful - except for the fact Apple will have some problems when the actual Apple TV comes out)
Resolution: 1080p - (upgraded from 720p - bring on more expensive iTunes, Netflix, etc. shows and movies)
Connectivity: Apple's Cloud wireless virtual content system allows for streaming between all of your Apple devices using AirPlay
Color: Black - (who really needs a colorful set-top box anyway)
Controller: Use your aforementioned iPod, iPad, or iPhone using Remote App
Verdict: If you already have the other members in the Apple family. The price point is decent for the features it offers.