If a may be able to throw my two cents in the troubleshooting pile, given the fact that your ATV2 works wired but not in wireless, would point out an issue with the wireless link between your router and ATV2.
Let me try to quantify this a bit, so that it makes sense:
You see, even though we are conditioned to see connection speeds reported as 54MBits, or 130, or even 300 with N equipment, all this is more of a theoretical value than a realistic one. And though all of us know this to be the case, in reality, that translates to a series of ill-fated possibilities.
From other posters earlier in the thread, it appears that the quality of the expected stream from ATV2 is higher than say the Roku, xbox, PS3 or TiVo implementation. Unknowing if this is possibly changed in future firmware releases or not, your current description points to perhaps a wireless connection that does not maintain a consistent bandwidth between the source (Netflix) and the ATV2 Box.
Though the connection may be still up, most likely it is fluctuating; and by that it may drop to any of the in between rates, from 1.5, 2, 5, 11, 24, 48 MBps that are possible within the g-standard. Adding any WEP/WPA encryption, and possible neighboring interference in the mix, compounds the issue even further. And if your wireless connection drops even for a second to anything below 11MBps, that will not be enough to maintain a healthy Netflix stream, on top of all the encryption, networking stack chatter and packets that encapsulate it.
So you may have to patiently experiment with different channels, transmission modes and encryption types for testing, and that will give you a better idea as to why this is happening.
Keep us posted; I am sure you will be able to find the light in the end of this tunnel 🙂