I'm not a cord-cutter yet, but this version is a big step forward compared to my old Apple TV. I love the fact that i don't need to open one app at a time to find something to watch. I just let Siri search for my favorite shows.
The box feels heavier than the old Apple TV, and i found that it takes less time to setup on my TV than i remember with my old one.
The remote is different than what i'm used to, but it's still super-easy to figure out, and the touch controls feel just as smooth as my iPhone's.
So far i have played only one game on it, Cut The Rope, it really makes it for a different experience, i never knew iOS games could look so sharp and smooth on my HDTV. Big adjustment there, but positive! Loving it so far.