Windows 7 Streams Media To the Xbox 360 and PS3 Seamlessly
HardcoreWare reports that the release candidate for Windows 7 contains improved video codecs, and does a much better job of streaming media to popular consoles out of the box. "No longer will you have to install special REG files to 'trick' Windows into streaming video to your PS3 or XBOX 360. And no longer will you have to use UPnP media servers like TVersity that transcode video, severely reducing quality and cause unnecessary CPU load on the server."
WMP11 has long supported streaming to the 360. I have WMP11 on my XP laptop, and it works like a charm....
And that is why I will not stop using PS3Mediaserver(http://code.google.com/p/ps3mediaserver/). It is by far the best UPnP client for PS3 and is catching on with Xbox360 users as well.
It is an open source project that is updated quite frequently. For anyone still using Tversity I would highly recommend giving this a shot. It transcodes all basically all formats for viewing on the PS3.
The official forum for PS3Mediaserver = http://ps3mediaserver.org/forum/ You can find beta builds here and interesting conversation.