Apple TV may not be the all-singing assault on the television market as envisioned by the late Steve Jobs, but far from treating it like the “hobby” as once described by CEO Tim Cook, the Cupertino company is pressing ahead with updates. Today, Apple TV software 5.3 has been released for the second and third generation iterations of the little black set-top box, and now, users will be able to catch content from HBO and ESPN right from the Apple TV, negating the need for any kind of direct cable subscription. Details after the break!

This has to be one of the most awaited apps for the sports fanatics who would want to watch sports live on the go on their smartphones. For now, the app has only been released for iPhone and iPod touch but there is an iPad optimized version in pipeline that is expected to be available by May.