Yup. The Up Next queue is the Apple TV's killer feature, IMO. Google TV is kinda sorta getting there but I don't know if it'll ever be as polished as Apple TV in that regard.
Google’s is almost as good as Apple’s in the way it works, just doesn’t cover as many services. I think the only one missing from Apple’s is Netflix and that’s because Netflix doesn’t want to allow that.
On Google’s Netflix can be tracked for some shows, but not for the Netflix Originals.