Currently Being ModeratedAug 1, 2013 8:24 PM (in response to First_ever_ipod)
I think the profiles will just work when they're officially rolled out.
One site says you can set them up here:
and they appear on AppleTV soon after.
As for the light I assume you mean the white LED - it should not burn out.
Currently Being ModeratedAug 2, 2013 3:31 AM (in response to First_ever_ipod)
Netflix profiles have nothing to do with an ATV software update. They require an update on Netflix's side and will be rolled out slowly by Netflix.
The LED on the ATV will automatically turn off when the device goes to sleep. It never really turns off. There is no need for the user to do anything.
Currently Being ModeratedAug 2, 2013 5:55 AM (in response to First_ever_ipod)
One of my AppleTVs is still on software 5.0 and Profiles have appeared after creating them - many AppleTV features are internet-based interfaces that can update dynamically without an AppleTV software update.