Apple has just pushed out a software update to the Apple TV and it’s version 4.2.2 build number 8F305. The update is likely bug fix related and we’ll update with more details when they are available.

Here’s the direct download link.

Update: Here are the updates:

Apple TV Software Update 4.2.2 features

Feature Summary
Audio Addresses an issue in which audio is not output when playing some video content.
Video playback Addresses an issue in which video is not displayed when playing some content.
Audio output setting Adds an audio output setting for switching to 16-bit audio for compatibility with some TVs and AV receivers.
Live FF/RW improvements Improves the performance of fast-forwarding and rewinding live events.
Movie description Addresses an issue in which the description information is not displayed for some movies.
YouTube video order Addresses an issue in which YouTube subscription videos were not ordered by date.

Jailbreakers might want to hold off.  Via MuscleNerd: (thanks commenter)

Apple just pushed out a lone AppleTV2G update…stay away from that if you’re currently untethered on ATV2G

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