Just been looking for a decent alternative to using WMP11 (which I cant use), using vista or using that stupid microsoft branded program and Ive found TVersity!

Got a guide here on how to set it up:

http://www.tweaktown.com/articles/1002/1/page_1_introduction/index.html

And heres a link to the program:
http://www.tversity.com/download/


Just been trying it out and it works fantasically! Just remember to double click on the folder/file, etc. that youve added and select to "Transcode when needed".

Currently watching an episode of scrubs through the xbox which wouldnt work from a usb pen

Better and easier than VLC ?

VLC can stream to other devices? :S I just basically sets up a fake media server on the LAN