Will the Apple TV do these things?

I presently use WD TV Live boxes. They work, but I'm dissatisfied with some of the non-critical functionality, and especially with the level of support from WD. I'm considering replacing my WD boxes with Apple TVs, but I'm not sure if they support some of the features I'm interested in. Since I don't want to buy one just to find out if it works, I was hoping to find some answers here!
I keep all my video files on standard Windows network shares, with no media server software. I understand that I'll need to install iTunes to stream my video, which is no problem. I operate over a wired network. There are some of my criteria I understand Apple TV does meet, so I'm just going to state them in case there are any caveats that anyone wants to mention:
Physically small, quiet, no fan.
Streams HD video over a wired network to my TV via HDMI.
Supports a wide variety of video and audio codecs.
Youtube support
Netflix support
As for my actual questions:
One problem with the WD TV boxes is that there is a long delay between turn-on and actual usability. How long does an Apple TV typically take from cold boot to playing video?
Another problem is that video files on servers are buried in the menu structure, ten or more selections down. There's no way to create shortcuts at a higher level. And scrolling through lists of videos is a pain. How does the Apple TV interface for accessing locally streamed video compare?
Does the Apple TV support playlists, with shuffle? I'd love to have a playlist of, say, all my sitcoms, and have the device pick one at random.
If I have multiple Apple TVs on the same network, can I stop watching a video file on one box and pick it up where I left off on the other?
I understand Apple AirPlay will allow me to stream the same audio, in sync, to be played by multiple Apple TVs and/or AirPort Express nodes simultaneously. Is this accurate?
Thanks!

Welcome to the Apple community.
The Apple TV takes only a few seconds to start up and be ready to play video.
You can add items to a favourites list, however content lists are fairly basic, although they may not be quite as deep as you've described on the WD.
Yes the Apple TV supports playlists with shuffle.
iTunes remembers where a video has been stopped and will give you the option on any other Apple TV to resume it at that point or start again.
You can stream audio to multiple Apple TVs and airport expresses from your computer, note though you can only stream video to one device at a time.
On the subject of audio and video codecs that are supported by the Apple TV you may find the following specifications of interest.
Video formats supported
H.264 video up to 1080p, 30 frames per second, High or Main Profile level 4.0 or lower, Baseline profile level 3.0 or lower with AAC-LC audio up to 160 Kbps per channel, 48kHz, stereo audio in .m4v, .mp4, and .mov file formats
MPEG-4 video up to 2.5 Mbps, 640 by 480 pixels, 30 frames per second, Simple Profile with AAC-LC audio up to 160 Kbps, 48kHz, stereo audio in .m4v, .mp4, and .mov file formats
Motion JPEG (M-JPEG) up to 35 Mbps, 1280 by 720 pixels, 30 frames per second, audio in ulaw, PCM stereo audio in .avi file format
Audio formats supported
HE-AAC (V1), AAC (16 to 320 Kbps), protected AAC (from iTunes Store), MP3 (16 to 320 Kbps), MP3 VBR, Audible (formats 2, 3, and 4), Apple Lossless, AIFF, and WAV; Dolby Digital 5.1 surround sound pass-through
Photo formats
JPEG, GIF, TIFF.

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