So my holiday gift from Jane was an Apple TV (well, actually it was a gift card to buy the Apple TV because she thought an Apple TV was an actual TV set and figured she couldn't carry it). I set it up yesterday, immediately hacked it to add Boxee, and then I embarked on a project.
The project: take my DVD collection and put as much of it as I can on the Apple TV (I got the 160GB version). Handbrake has done a quick job of it (though the newer version isn't working right on my iMac, so I'm using the 0.92 version on my MacBook Pro for now). I've ripped four movies so far (Stop Making Sense, Monty Python & the Holy Grail, Real Genius, and Apollo 13), and will do more over the weekend. I've loaded more movies on this than I have on my DVD jukebox!
I haven't done any movie rentals yet, though. Coming soon. At some point I may try and hack a bigger drive into it, too. Nice device.