Just to add that I've downloaded and installed the update on my V1, as well as installed the B&O remote app. on my iPad.
In the source list on the V1, resetting the 'media' input to default, renames it 'Home media' and under the main menu at the bottom near service and network, there is a new menu item; - 'activate features'.
It would appear (if it applies in Australia of course) that one can visit a dealer, pay a small fee, and then active Webmedia via an activation code supplied by the dealer.
Meantime the B&O remote app on the iPad available from the app store on iTunes works superbly; smooth, fairly straightforward to use, elegant looking, and more or less duplicates the functions of the Beo 4.
One can put the TV into Standby, change volume, channels etc, switch inputs and so on. It works very well with using the Apple remote on the iPad to control my gradually growing ALAC music library on my Mac, as when playing music or video to an Apple TV, for some reason there is no remote volume control of the Apple TV; by also having the B&O remote app open, I can simply swap between the two apps on the iPad and control the volume of the TV without having to pick up the Beo 4.
Very happy indeed and it is so good to see B&O developing the feature set of the V1 - which makes it even better value and nicer again to use and interact with.
Best regards
John... 😐