Well, it has the same old link to live television like in the original version.
There is a new TV and Movies app that has a lot of content. Looks like mostly renting or buying at the moment, but there is an option to filter for only free things.
Snap, one of the menus under that app shows you a very clean presentation of all the shows available to you right now (for me, it's the channels I have for DTV). It organizes by genre, with a picture of the TV series/Movie playing and how much time is left on it.