Apple released tvOS 10.1.1 recently. This update is primarily focused on bug fixes and does not bring any new features. The obvious question is, Can it run Kodi? Yes, it can! You can follow the same steps as the guide here. If you encounter the message below
just ignore it until a proper update for Xcode is released. The message did not cause any problems for me. Xcode should be updated soon to fully support tvOS 10.1.1. Go ahead and update it and make sure to let me know if you notice anything worth mentioning.
If you are in any way interested in possibly jailbreaking your Apple TV, stop what you’re doing and check out this post How to Prepare for Apple TV Jailbreak!