"VERY well" is debatable. I found that much of my media seemed to require on the fly transcoding to play (disappointing), and subtitles didn't work well. Perfor

"VERY well" is debatable. I found that much of my media seemed to require on the fly transcoding to play (disappointing), and subtitles didn't work well. Performance was often poor as well for higher bitrate source material. In addition, your chromecast MUST be connected to the internet to play anything (not just local lan, must have actual internet access). Maybe they are planning on version2 showing ads when nothing else is playing or something. Who knows. My chromecast now sits unused in some drawer somewhere.