Just a heads up. Sometimes the auto HDMI setting of the Apple TV (this is the case with both the 2nd and 3rd generation models) doesn't work right. I have a 7 year old Ölevi 720p IPS LCD, which I'm normally quite pleased with picture-wise, but it doesn't like the Apple TV's auto setting, which apparently defaults to YCbCr. Using either the RGB High or RGB Low settings results in a good picture.