Host iTunes library on network drive

I’d love to have the ability to locate my iTunes content on a network drive, the same way I could locate it on a USB drive.

I am looking at that myself that would be wonderful, I have 2 ATV’s and to be able to host a network drive with one set of movie files for both would greatly simplify my deployment of ATV’s. Apple has done a bunch of work towards this with the timecapsule and the Airport Extreme with the external drive option. I think It would be great.