Apple today pushed out a software update for Apple TV.
I'm not sure what version 2.0.2 does yet, but it's waiting for you in General > Update Software – if you have an Apple TV, that is.
It took about nine minutes to download on my Comcast cable connection. There's a thread on Apple Discussions about it, but no one seems to know what it does there either.
Chime in in the TalkBack section below if you know what it fixes/adds.
I've posted a gallery of images of the download and installation process. (I apologize for the haze on the photos, it's notoriously hard to take pictures of the Apple TV interface on a television.) Update:
According to one comment in the Apple thread, The 2.02 version added a Genre sort option within movies.
Update 2: In Flickr, there is now a viewable gallery of your contact's favorites.