TVersity Media Server The TVersity Media Server lets you manage your Internet and home media and create your personalized lineup of channels, or as we call it your Personal Entertainment Guide (PEG). It then serves this media to a multitude of networked devices in the home or on the go, overcoming their inherent limitations by doing all the necessary conversions on the fly, and thus making your media available anywhere, anytime and from any device. With this application you can share music and images from your Windows 2000/XP PC to your Xbox 360 and since the Fall 2006 dashboard update and TVersity Media Server v0.9.9 you can also stream videos to your 360 with on-the-fly WMV transcoding! https://www.tversity.com/ Anyone with an XBO60 should check this program out.
Kinda except it converts your files on the fly. So you can be watching a xvid or divx video on your 360. Or anything else you happen to download on your computer.
