The Apple TV has already been hacked to run non-supported video formats,
according to a pair of forum users. Confirming Walt Mossberg's claim that
the media hub runs a
custom version of Mac OS X, the technique involves removing the hard
drive and mounting it on a Mac, where it appears as a native HFS volume.
Installing the SSH server Dropbear, the video container Perian, and a custom
script lets the Apple TV play files outside of its normal MPEG-4 and H.264
standards. The solution is not failsafe, the discoverers say: the solution
requires the creation of reference QuickTime movies, preventing the hub from
directly synchronizing the movies themselves. No video formats outside of
the XviD standard have been tested so far, they add. However, the discovery
suggests that the Apple device will be relatively easily accessible for
hobbyists.
In other news, there's a link to a page where you can download the OS. It turns out it is just a stripped down OS X, unleashing such potential for the Apple TV.