Library or folder access?

I was looking into the atv flash media player to replace xbmc and I was wondering if it creates a library, or just allows navigation of folders?

 

The reason I ask is because I’ve got 2 apple tvs and I would like to sync the libraries so I can start a movie in one room and finish it in another.  Also, I have several sources for my media so I would like to click on Movies and see all the movies from all the locations.

We’re currently using folder based organization, but a library view is planned for a future version.