I hope the update sorts out the issue of the ATV losing iTunes over the Home Sharing.

I hope the update sorts out the issue of the ATV losing iTunes over the Home Sharing.

I hope this update is for the WWDC announcement of Apple TV SDK!

Yeah, I've been having this problem too, where it sees that the itunes library is there when you're on the main screen, but won't connect when you try to select it, and just hangs there until I hit the menu button to back out. Then I to go to the computer, quit itunes and relauch it and it works again. I'm going to check out the update and see if it fixes the issue.

I hope the update sorts out the issue of the ATV losing iTunes over the Home Sharing.

Yeah, I've been having this problem too, where it sees that the itunes library is there when you're on the main screen, but won't connect when you try to select it, and just hangs there until I hit the menu button to back out. Then I to go to the computer, quit itunes and relauch it and it works again. I'm going to check out the update and see if it fixes the issue.

That would be nice! Very frustrating having to Screenshare into the server and turn off/on Home Sharing.

Edit: Doesn't appear to have resolved it. My guess is this will require a fix on the iTunes side, not Apple TV.

Don't know if it will help you or not.  I used to have this issue fairly often, pretty frustrating.  I have 3 AppleTVs throughout the house and would have this happen at least once a week.  It went away for me when I decided to assign static IPs to all of the AppleTVs and my iMac that was hosting the content.  Ever since I gave all devices a static IP, I have not had this happen one time (at least 6 months now).  Your mileage may vary...