Ok, I've really delved into the new dashboard update. Much better than I thought. The new capabilities are sooooo subtle. The biggest changes are in the submenus.

Dashboard Startup:
Yes, I'm starting up to the dashboard. Woohoo! With Oblivion being the ONLY decent 360 game on the market right now, this setting is a life saver. Half of my time on my Xbox 360 is spent on XBLA. Now I can start there. :)

Movies:

I picked up the 360 remote, and I've watched a few movies. The remote takes a while to get configured as VERY LITTLE instructions are provided (For instance, you can not control XBLA unless you click the TV button. Huh?) Overall I'm impressed at how fast it is. Previously I had only used my XBOX to download and watch HD trailors... and they were slow to start; and now with the remote I also know which button will pause the action for the inevitable bathroom break without getting that hideous minimenu. Fast forwarding & reverse are fluid and quick. Finally, using a controllor to watch a movie was painful; and having to constantly 're-attach' was a total pain. That never happens with the remote! Sweet.

XBLA Market Place:
They've been really excited about having 'more content than expected'... but this update just points out how little they really have.