Device not found in iTUNES 11 for APPLE TV Restore

I just had this exact same issue with itunes 11 on my Air, fortunately still had an old imac running itunes 10.5.3 and its downloading and restoring okay so far on that.

Same with me.

Exact same error with two different ATV2's. Had to restore whilst plugged in to TV. What the??

Exact same problem here!!.... anyone heard of a workaround ?

I found a workaround on a Mac at least.

I manually downloaded the appropriate ipsw file.

http://www.iclarified.com/entry/index.php?enid=970

I then pressed the Restore button with Option (maybe Alt in Windows?) pressed and I was able to update the Apple TV.

Seems like iTunes isn't recognising the device so can't identify the ipsw to download.

Hope this helps.

This was helpful. After I did this, I was able to restore completely and subsequently update wirelessly. I'm now current.

This worked for me too.

Hi

I tried these steps by going through iClarified website and manage to restore firmware to 5.2 and added home sharing etc on Apple TV 2 when connected to my tv but iTunes still says device cannot be found. Thanks in advance for help

@bccore's solution worked perfectly in the new iTunes with my AppleTV 3rd Gen. All is good.