Whats the difference in functionality btw the 2 old ATV"s i have and new

I have had 2 ATV"s since day 1 and love em. i use them in stream mode only.
Is their new functionality in the gen 2 ATV that i wont get with the V1?

The only new functionality you'll get is this:
* netflix
* No more fear the unit will burst into flames even if you're not using it.
* The new atv runs the same os as the iphone, touch, and ipad so there's a good likelihood future updates will bring new apps (hulu+, mlb, pandora, etc...) But I wouldn't hold my breath for an app store.
Here is what you will lose:
* If you have a large video library there seems to be a minor video stutter issue during video playback.
* You can no longer browse the iTunes store and pick items to purchase forever.
* Season pass episodes no longer download automatically (You have to download them in your computer's itunes and it never calls home often enough to be useful when you have "automatically check for downloads" selected)
* Your audio/video will now be tucked away inside a sub menu which for me doesn't seem right.
* Your tv seasons will be listed individually in the master list.
* Your movies can no longer be sub-grouped by setting show and episode metadata (get info)
* Captioning text is too small.
If you subscribe to netflix it's worth running out and getting one. If you're not interested in netflix then hold off until the next update and see if it brings any new features you're interested in (and fixes some of the first release glitches people are finding)

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