The Apple TV 4K packs in almost everything the last model was missing, and its push towards making 4K releases cheaper is noble. But there aren't many third-party apps supporting the new format at launch, and Apple also made some curious decisions that might make some serious home theater...
4K/HDR content looks great; Aggressive pricing for 4K/HDR films; Wide variety of apps
Needs more third-party 4K/HDR support; Video processing goes overboard; No Dolby Atmos