Since installing Mountain Lion OSX my Apple TV second generation cannot access the library on my iMac - any suggestions?

I recently installed Montain Lion on my 2009 iMac.  Now when I try to access my iTunes library through my second generation Apple TV I receive the following message: "Could not connect to ...Library".
I have done the following to resolve the problem with no improvement:
(1) verified that my software is up to date on both the Apple TV and iMac (iTunes).
(2) Verified that home sharing for my entire iTunes Library is turned on in my iTunes preferences.
(3) Verified that the network is working - I only have one network, the signal strength shown on the Apple TV is 5 bars, and the Apple TV an access other internet programming (Vimeo, YourTube, etc.).
(4) Restarted both my Apple TV and my iMac.
Prior to my Mountain Lion upgrade the Apple TV worked fine and communicated with my iMac without a problem.  I'm out of ideas and would appreciate any suggestions from the community.  Thanks

Since upgrading to Mountain Lion, I am having a similar issue on my iMac 27" (2011).
Once the computer goes to sleep, Apple TV is unable to wake it up (I do have the "Wake for network access" Energy Saver option turned on).
I have to specifically login and "wake up" the computer before my Apple TV can see it.
Overall, I find Mount Lion to be much more stable and smoother compared to Lion - but this issue is very annoying

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    About Safari 5.1.7 and Leopard Security Update 2012-003
    Summary
    Learn about Safari 5.1.7 and Leopard Security Update 2012-003.
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    Panics Since Last Report:          2
    Anonymous UUID:                    C295ED49-47E9-445E-8FDD-01E5D91D7D5F
    Fri Aug  3 19:33:04 2012
    panic(cpu 1 caller 0xffffff800fcb7b95): Kernel trap at 0xffffff8034b18d30, type 14=page fault, registers:
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    RAX: 0xffffff80344d7d00, RBX: 0xffffff8021f49000, RCX: 0xffffff801025cba0, RDX: 0xffffff8021f49008
    RSP: 0xffffff80f87bbb28, RBP: 0xffffff80f87bbb40, RSI: 0x000000000000ffff, RDI: 0xffffff80353f6a00
    R8:  0x00000000000001b1, R9:  0x0000000000000000, R10: 0x0000000114903000, R11: 0x0000000000000200
    R12: 0xffffff7f90e3ee38, R13: 0x0000000000000000, R14: 0xffffff8021f49000, R15: 0xffffff8021f49000
    RFL: 0x0000000000010286, RIP: 0xffffff8034b18d30, CS:  0x0000000000000008, SS:  0x0000000000000010
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    0xffffff80f87bb7c0 : 0xffffff800fc1d5f6
    0xffffff80f87bb830 : 0xffffff800fcb7b95
    0xffffff80f87bba00 : 0xffffff800fcce4ad
    0xffffff80f87bba20 : 0xffffff8034b18d30
    0xffffff80f87bbb40 : 0xffffff7f90e3595f
    0xffffff80f87bbb70 : 0xffffff7f90e3592c
    0xffffff80f87bbb90 : 0xffffff7f90e3a60b
    0xffffff80f87bbbc0 : 0xffffff8010065cb3
    0xffffff80f87bbc20 : 0xffffff80100638ef
    0xffffff80f87bbd70 : 0xffffff800fc981a1
    0xffffff80f87bbe80 : 0xffffff800fc20abd
    0xffffff80f87bbeb0 : 0xffffff800fc10448
    0xffffff80f87bbf00 : 0xffffff800fc195fb
    0xffffff80f87bbf70 : 0xffffff800fca5ad6
    0xffffff80f87bbfb0 : 0xffffff800fcced13
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             com.apple.iokit.IOSurface(86.0.2)[7199A934-B665-33C1-A15A-F56A811A1C2B]@0xfffff f7f90e34000->0xffffff7f90e45fff
    BSD process name corresponding to current thread: PluginProcess
    Boot args: -v
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    Kernel version:
    Darwin Kernel Version 12.0.0: Sun Jun 24 23:00:16 PDT 2012; root:xnu-2050.7.9~1/RELEASE_X86_64
    Kernel UUID: 8D5F8EF3-9D12-384B-8070-EF2A49C45D24
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    Kernel text base: 0xffffff800fc00000
    System model name: MacBookPro5,1 (Mac-F42D86C8)
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    last unloaded kext at 11113807109093: com.apple.driver.AppleUSBCDC          4.1.21 (addr 0xffffff7f91ed2000, size 12288)
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    com.Cycling74.driver.Soundflower          1.5.1
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    com.apple.filesystems.autofs          3.0
    com.apple.iokit.IOBluetoothSerialManager          4.0.9f8
    com.apple.driver.AGPM          100.12.69
    com.apple.driver.AppleMikeyHIDDriver          122
    com.apple.iokit.BroadcomBluetoothHCIControllerUSBTransport          4.0.9f8
    com.apple.driver.AudioAUUC          1.60
    com.apple.driver.AppleMikeyDriver          2.3.0f2
    com.apple.iokit.IOUserEthernet          1.0.0d1
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    com.apple.Dont_Steal_Mac_OS_X          7.0.0
    com.apple.driver.AppleMuxControl          3.2.6
    com.apple.driver.ApplePolicyControl          3.2.6
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    com.apple.driver.AppleSMCLMU          2.0.2d0
    com.apple.driver.AppleUpstreamUserClient          3.5.10
    com.apple.driver.AppleMCCSControl          1.0.33
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    com.apple.GeForce          8.0.0
    com.apple.driver.SMCMotionSensor          3.0.2d6
    com.apple.driver.AppleUSBTCButtons          235.4
    com.apple.driver.AppleUSBTCKeyboard          235.4
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    com.apple.iokit.SCSITaskUserClient          3.5.1
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    com.apple.driver.AppleUSBOHCI          5.1.5
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    com.apple.driver.AppleAPIC          1.6
    com.apple.driver.AppleIntelCPUPowerManagementClient          196.0.0
    com.apple.nke.applicationfirewall          4.0.39
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    com.apple.driver.AppleIntelCPUPowerManagement          196.0.0
    com.apple.kext.triggers          1.0
    com.apple.iokit.IOSerialFamily          10.0.6
    com.apple.iokit.AppleBluetoothHCIControllerUSBTransport          4.0.9f8
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    com.apple.driver.DspFuncLib          2.3.0f2
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    com.apple.driver.IOPlatformPluginLegacy          1.0.0
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    com.apple.driver.AppleSMC          3.1.3d11
    com.apple.driver.AppleUSBMultitouch          235.7
    com.apple.iokit.IOUSBHIDDriver          5.0.0
    com.apple.driver.AppleUSBMergeNub          5.1.5
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    com.apple.iokit.IOSCSIMultimediaCommandsDevice          3.5.1
    com.apple.iokit.IOBDStorageFamily          1.7
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    com.apple.iokit.IONetworkingFamily          3.0
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    com.apple.iokit.IOHIDFamily          1.8.0
    com.apple.iokit.IOSMBusFamily          1.1
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    com.apple.kext.AppleMatch          1.0.0d1
    com.apple.security.TMSafetyNet          7
    com.apple.driver.DiskImages          344
    com.apple.iokit.IOStorageFamily          1.8
    com.apple.driver.AppleKeyStore          28.18
    com.apple.driver.AppleACPIPlatform          1.6
    com.apple.iokit.IOPCIFamily          2.7
    com.apple.iokit.IOACPIFamily          1.4
    com.apple.kec.corecrypto          1.0
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    Graphics: NVIDIA GeForce 9400M, NVIDIA GeForce 9400M, PCI, 256 MB
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    Memory Module: BANK 0/DIMM1, 4 GB, DDR3, 1067 MHz, 0x857F, 0x483634353155363446373036364700000000
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    Bluetooth: Version 4.0.9f8 10405, 2 service, 18 devices, 1 incoming serial ports
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    Serial ATA Device: MATSHITADVD-R   UJ-868
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    USB Device: Apple Internal Keyboard / Trackpad, apple_vendor_id, 0x0236, 0x04600000 / 3
    USB Device: IR Receiver, apple_vendor_id, 0x8242, 0x04500000 / 2
    USB Device: BRCM2046 Hub, 0x0a5c  (Broadcom Corp.), 0x4500, 0x06100000 / 2
    USB Device: Bluetooth USB Host Controller, apple_vendor_id, 0x8213, 0x06110000 / 3

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    I have a 2008 mac pro which  used to run quietly. Since installing mountain lion i notice it makes a loud hum constantly as if the fan is always on. Is this an issue? Should i turn off i cloud?
    Message was edited by: arty4books. made question clearer

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