I got it. As you can see from the video, set up was pretty simple. Once I set up Home Sharing on my iPad, the new Remote app took the pain of text entry away. On my Wireless N network, both Netflix and my videos streamed great, and looked great.
I can’t wait for Airplay. It will be a whole new level of integration. I do miss internal storage some. I dislike having to have my computer on with iTunes open in order to stream. Airplay will eliminate that to some extent.