I use my Apple TV a lot. I haven’t bothered jail-breaking it so I mostly stream Netflix and iTunes. Sometimes just before falling asleep I take my iPad and continue watching Netflix in bed before I doze off into dreamland.
UPDATE 2012-05-18: It turns out that most of the films rented from the Apple iTunes store also come with closed captions. To enable CC in iTunes content choose:
Settings > Audio & Video > Closed Captioning > On
It always bothered me that when watching Netflix on my iPad (or laptop) I could get closed captions (CC) but not on my Apple TV. Well, it turns out you can. By accident I held down the main button for 2 seconds when streaming Netflix on my Apple TV and immediately a new menu popped up allowing me to select the CC language.
This led me to check what would happen while holding the button down while streaming iTunes and it turns out if you do that you are presented with chapter selection menu similar to a DVD chapter selection.
So for you playmoTV beta users out there, who own Apple TVs, we recommend trying it out.