I just realized that it's progress window has a Preferences Button on it.
The Preferences will let you specify your output format, which also includes AppleTV!
Now the resolution will obviously be questionable, but this does save you a step in reencoding it to AppleTV specs in iTunes if thats your target platform in the first place.
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I'm saving my 999th post for something "in the air" so until then I won't be posting on x999x
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