The best streaming solution for the
PS3 to date is Java PS3 Media Server
http://ps3mediaserver.blogspot.com/ or here
http://code.google.com/p/ps3mediaserver/. TRY it you'll love it.....
Current features
* Ready to launch and play. No codec packs to install. No folder configuration and pre-parsing or this kind of annoying thing. All your folders are directly browsed by the PS3, there's an automatic refresh also.
* Real-time video transcoding of MKV/FLV/OGM/AVI, etc.
* DVD ISOs images / VIDEO_TS Folder transcoder
* OGG/FLAC/MPC/APE audio transcoding
* Thumbnail generation for Videos
* You can choose with a virtual folder system your audio/subtitle language on the PS3!
* Simple streaming of formats PS3 natively supports: MP3/JPG/PNG/GIF/TIFF, all kind of videos (AVI, MP4, TS, M2TS, MPEG)
* Display camera RAWs thumbnails (Canon / Nikon, etc.)
* ZIP/RAR files as browsable folders
* Support for pictures based feeds, such as Flickr and Picasaweb
* Internet TV / Web Radio support with VLC, MEncoder or MPlayer
* Podcasts audio/ Video feeds support
* Basic Xbox360 support
* Direct streaming of DTS / DTS-HD core to the receiver
* Remux PS3 compatible H264/MPEG2 video and all audio tracks to AC3/DTS/LPCM in real time with tsMuxer
* FLAC 96kHz/24bits/5.1 support
* DVR-MS remuxer (Windows Only)