Yes, I'm quite sure. Load up any monetized video on Apple TV or any iOS device that's still running iOS 5 or earlier. It will work just fine and play no ads. Here's an example video I just tested to confirm: http://www.youtube.com/watch?v=B2HZWHimKas On the web or in the official YouTube apps, there's a required pre-roll ad; on iOS5- and Apple TV, nothing.