It is believed that the HD streaming will be available right away. The specifications confirmed that the video quality of the new TV is 720 p.
The user interface of the new TV seems to be simple and better, the number of categories have now been limited to Movies, TV Shows, Internet, Computers and Settings. Apple TV 2 can also be used to play media files from a itunes-powered PC.
The price of the New Apple TV 2 is $99 which is way too low when compared to the previous unit.
So, if you were neglecting Apple TV for being too costly then the all new Apple TV 2 is just for you.