Sorry if I came off a bit testy. I use the Apple TV daily in my work environment for background noise and the issues totally derailed my workflow this morning.
So, I tried adjusting audio settings for both Dolby Digital and Audio Out. No luck.
Last resort time. Hardwired (USB cable) to my laptop and restored via iTunes. Success, audio fuctional across all apps. Not the best of solutions because of the time required to restore accounts for the various 3rd party apps on the Apple TV but it worked.
Guess I will never know what caused the 'no audio" issue though I suspect a bad/failed auto update. As convenient as that new feature is, it doesn't help when things go wrong.
A final note, beta software is supposed to be buggy, I undertstand. Production stuff isn't. I've been a loyal Apple user for 20+ years now because of their quality control. I've used competing products too and felt very annoyed at the lack of QC (looking at you Google TV). I would love to see quicker addressing of bugs on the Apple TV OS because a bad experience is what drives less-technical users away. It is a real game changer device if Apple were to even attempt to give it the level of support that other products get. Anyways, that's my soapbox moment.