Apple has released a new update for the Generation 2 and 3 Apple TV models. The new update allows movies and TV show previews from the iTunes Store to be viewed in HD.
The new update called Apple TV 5.0.1 also features fixes for some minor issues.
Apple TV Software Update 5.0.1
iTunes previews – Previews for movies and TV shows from the iTunes Store can now be viewed in HD.
AirPlay – Fixes an issue that caused some iOS apps to have trouble connecting via AirPlay.
Home Sharing – Improves the reliability of Home Sharing connections.
Netflix – Addresses an issue affecting Netflix login and navigation.
Stability and performance – Includes fixes for issues affecting stability and performance.
The new update can be performed directly on the Apple TV. Just go to the Settings menu, then General and then select Update Software. The updated will downloaded and get installed.
The new update can be found here.
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Source: Mac Rumors