AirPlay is neat, but for much more than slideshows you might be better off having the Mac and ATV on a wired network. I have mine on the 5 gHz radio on my router, with the media source (my Windows box) plugged in on a Gb port and I get a little stuttering on HD video, but it's watchable.
I wish I could use AirPlay to make my TV a second display instead.
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